https://www.miningweekly.com

Vast one step closer to final approval for Baita Plai

The Baita Plai tailings dam

The Baita Plai tailings dam

22nd June 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Aim-listed mining company Vast Resources could start mining a 1.8-million-tonne-orebody in Romania in the near future, with the company only one regulatory step away from final approval for the Baita Plai polymetallic mine.

Vast said Minister of Economy had approved the association licence agreement with Baita SA, the holder of the Baita Plai head licence. 

All that is left for Baita SA and Vast’s 80% subsidiary, African Consolidated Resources (AFCR), to do before mining can start is to apply for formal approval from the National Agency for Mineral Resources (ANMR).  

Vast expects the approval to be obtained in early July, it said on Friday.

Obtaining the Minister of Economy's agreement is the culmination of almost a year's activities, which started in July 2017 with a competitive selection process intended to achieve the granting of the right to mine.  The company was advised in August last year of the successful selection of AFCR and work since then has been focused on establishing the detailed terms of the association licence agreement.

"Following this agreement from the Minister matters now lie with Baita SA and AFCR to make the application for the final seal of approval from ANRM and I am confident that this last item should be dealt with quickly and without issue. The importance of Vast receiving the right to mine at Baita Plai cannot be overstated - simply put, this will allow us to begin mining a 1.8-million tonne orebody with a copper equivalent grade of approximately 6%, which would transform our production profile,” Vast CEO Andrew Prelea commented.

The Baita Plai mine benefits from full infrastructure including underground, surface and processing equipment and an European Union registered and operational tailings facility, but the plant and equipment will require some rehabilitation.

Vast also owns the Manaila polymetallic mine, in northern Romania, and the Pickstone-Peerless gold mine, in Zimbabwe.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer
Gold, hydrogen, mining boost make headlines
Gold, hydrogen, mining boost make headlines
15th March 2024
Magazine round up | 15 March 2024
Magazine round up | 15 March 2024
15th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.147s - 106pq - 2rq
Subscribe Now