Vast targeting initial Baita Plai production in H1
Aim-listed Vast Resources is moving to deploy a team of people at the Baita Plai mine to start the implementation of the restart programme, following the granting of an association licence.
The Romanian government has formally approved the association licence to Vast subsidiary African Consolidated Resources and the parties have signed a pre-agreed commercial contract.
“The commercial association contract has now been executed and the agreed amount of money settled. We will now deploy the start-up team to Baita Plai to commence the implementation of the re-start programme,” Vast CEO Andrew Prelea said on Tuesday.
The company is targeting initial production from Baita Plai in the first half of 2019.
“This is a momentous day for Vast as we move forward with Baita Plai, alongside our numerous other production, development and appraisal assets in Romania and Zimbabwe, and target midtier multi-commodity producer status,” Prelea added.
Baita Plai is located about 50 km from Romania’s largest polymetallic and uranium mine, Rosia Montana.
Vast also owns the producing Manaila mine and is exploring the potential for a new, larger Manaila metallurgical complex. It also owns the Faneata mine and recently acquired an indirect interest in prospective polymetallic mineralisation in the so-called “gold quadrilateral” in the Metaliferi mountains, through a new subsidiary EMA Resources.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation