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Adamas Finance Asia says workers at HKMH are now active on-site, key management appointed

However, due to minor unanticipated regulatory delays, HKMH has advised ADAM that production is now expected to recommence in the second half of 2019

Hong Kong
HKMH is a natural resources company whose primary asset is a large dolomite magnesium limestone mine in the province of Shanxi, China

Adamas Finance Asia Limited (LON:ADAM) has revealed that workers at Hong Kong Mining Holdings Limited (HKMH) are now active on-site and that key management personal have been appointed to the business, in which the investment firm owns an 84.81% stake.

However, the London quoted pan-Asian diversified investment vehicle said, due to minor unanticipated regulatory delays, HKMH has advised that production is now expected to recommence in the second half of 2019.

READ: Adamas Finance Asia unveils up to US$500,000 share buy-back programme and plans for off-market share repurchases

In a brief statement, ADAM added: “We look forward to publishing a further update to shareholders in due course on this project.”

HKMH is a natural resources company whose primary asset is a large dolomite magnesium limestone mine in the province of Shanxi, China.

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