- March 16, 2020
- Posted in NEWS
AIM-listed Vast Resources PLC has spent the weekend responding to the declaration of a state of emergency in Romania, where it operates the Baita Plai polymetallic mine according to www.proactiveinvestors.co.uk website.
Romania’s state of emergency began on 16 March, following an address to the nation from President Iohannis in regard to the threat of coronavirus.
The company is putting in place all the necessary precautions to adhere to the government guidelines whilst ensuring it maintains the implementation programme to bring Baita Plai into production with minimal disruption in order to meet the timeframe stated in the previous announcement made on 11 March 2020.
Vast is an AIM-listed mining company with mining and exploration interests in Romania and Zimbabwe. Zimbabwe has not had a single reported case of the Coronavirus and has not imposed any travel restrictions from any countries yet. Its Southern neighbour however has had over 60 reported cases of the virus.
Vast Resources PLC popularly known for its stint at Pickstone Peerless Gold mine in Chegutu is expected to begin diamond operations in Chiadzwa. Vast opportunities for locals like employment creation are expected when the concluded deal takes off.
Chiadzwa Community Concessions, Marange
In September 2019, the Company announced it has signed a Joint Venture Agreement with Chiadzwa Mineral Resources (Pvt) Ltd (“CMR”), a company designated to represent the Chiadzwa Community interests in the Concession.
Additional reporting by Keith Sungiso