Proactive Investors - Run By Investors For Investors

Vast Resources reports further encouraging progress with regards to stakeholder engagement relating to the Heritage Concession in Zimbabwe

The AIM-listed mining company said it intends to advance the Heritage Concession in a joint venture arrangement with Red Mercury (Pvt) Ltd, a company owned by the Marange-Zimunya Community Share Ownership Trust
Zimbabwe flag
Vast said its chief executive officer Andrew Prelea undertook a 10-day visit to Zimbabwe in early November "to engage with stakeholders and government officials"

Vast Resources PLC (LON:VAST) has reported further encouraging progress with regards to stakeholder engagement relating to the Heritage Concession within the Marange Diamond Fields of Zimbabwe. 

The AIM-listed mining company, which has operating mines in Romania as well as Zimbabwe, said it intends to advance the Heritage Concession in a joint venture arrangement with Red Mercury (Pvt) Ltd, a company owned by the Marange-Zimunya Community Share Ownership Trust.

READ: Vast Resources lifted as it raises £1mln in share placing

Vast Resources said its chief executive officer Andrew Prelea undertook a 10-day visit to Zimbabwe in early November "to engage with stakeholders and government officials to discuss and establish the most appropriate and mutually beneficial method with which to operationalise the joint venture to benefit the community, the region and country at large".

Commenting on the trip, Prelea said, "Over the past year Zimbabwe has adopted a progressive and inclusive environment for mining investment and I am delighted that Vast remains at the forefront of this industry. Despite the recent well-publicised issues relating to the ready access to foreign currency, operations on the ground continue largely undisturbed.”

He added: "In line with our corporate social responsibility values we continue to engage with local stakeholders in Marange and at the national government level as we look to collectively establish a new benchmark for sustainable and mutually beneficial mining development to unlock the value of Zimbabwe's significant mineral resources."

View full VAST profile View Profile

Vast Resources PLC Timeline

Related Articles

1544464595_newrange-gold---lamdscape.jpg
December 10 2018
Located in the Walker Lane mineral belt of Nevada, Pamlico enjoys excellent access, infrastructure, a mild, year-round operating climate
Platina’s scandium oxide sample
April 09 2019
Products derived from Platina’s scandium can produce master alloy material.
gold nuggets
January 21 2019
The company has received encouraging exploration results from across its East Pilbara projects in 2018.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use