Vast Resources PLC (LON:VAST) has commented on articles published in the Zimbabwean press, in the course of the week commencing April 27, 2020, regarding the Chiadzwa Community concession block joint venture in the Eastern Highlands of the country, for which it is currently awaiting finalisation.
In a statement, the company noted that the government of Zimbabwe has warmly welcomed the investment and expects the project to play its part and be a contributor to the country's economic recovery programme, post the coronavirus (COVID-19) pandemic.
Vast Resources said it, and its subsidiaries have, throughout the joint venture process, maintained constant dialogue and interaction with the community and all stakeholders who have formally written to the company maintaining their support.
The company said it continues to act in good faith to the benefit of the Republic of Zimbabwe and the entire community, and always in accordance with the instructions and direction of the relevant governmental authorities.
Vast Resources said it has always provided updates to the market based on information provided by the relevant government bodies and backed by documentation, the most recent being the announcement made by the company on March 3, 2020.
The company concluded by saying it “remains confident that despite the recent COVID19 lockdown and other delays that have arisen in recent months due to matters unrelated to the relationship between the Zimbabwean Government and Vast Resources PLC, the project will be continued to the benefit of all stakeholders.”