UK-based Vast Resources said on Friday that it expects a 30% quarterly increase in tonnes of ore milled at its Baita Plai polymetallic mine in Romania.Four
BUCHAREST (Romania), April 12 (SeeNews) - UK-based Vast Resources said on Tuesday it raised 420,000 British pounds ($548,024/501,670 euro) through a subscr
Vast Resources to revise mining plan at Romanian site after missing production targets Baita Mine Romania Author (Vast Resources)
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BUCHAREST (Romania), February 26 (SeeNews) - UK-based Vast Resources Vast Resources said on Friday that it intends to revise the mining plan for its Baita Plai polymetallic mine in Romania, after lower-than-expected copper concentrate output at the site.
The new mining plan envisages a more modern mechanised mining method, a move away from the traditional labour intensive mining methods within the existing plan, the targets for which were announced on September 7, Vast Resources said in a press release.
Vast Resources fails to secure debt financing for Romanian mining project Baita Mine Romania Author (Vast Resources)
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BUCHAREST (Romania), January 7 (SeeNews) - UK-based Vast Resources Vast Resources said on Thursday that it has not been able to secure an asset-backed debt-financing process for its Baita Plai polymetallic mine in Romania.
Vast Resources has been informed by the international banking institution that the credit committee is unable to proceed with the approval of transaction until the completion of certain corporate restructuring at which point the bank will reassess the transaction, it said in a press release. The company has been given to understand that this decision is unrelated to its current mining activity and is not a negative reflection on the company s Baita Plai polymetallic mine, Vast Resources also said in the statement.
UK-based Vast Resources said on Thursday that it expects to conclude the second commercial sale of copper concentrate from its Baita Plai polymetallic mine