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

Published: 02:33 07 Mar 2019 AEDT

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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