leadf
logo-loader
viewVast Resources PLC

Vast Resources confirms that personnel changes in Zimbabwe will not affect progress on diamond joint venture

Vast Resources has a diverse portfolio of assets situated in Romania and Zimbabwe

Vast Resources PLC -

Vast Resources PLC (LON:VAST) has revealed that Mark Mabhudhu, executive director of the company’s diamond division, has received an offer to join the government-owned Zimbabwe Consolidated Diamond Company as chief executive officer.

However, Vast has confirmed that its highly skilled geological and technical team remain employed and that it has identified a high level chief operating officer to manage the project. This individual will be engaged upon confirmation of the signing of the joint venture.

Vast has also confirmed that this personnel change in Zimbabwe will not pose any impediment to the finalisation of the anticipated joint venture in respect of the Chiadzwa Community Diamond Concession. they occur.

“Whilst we are of course sad to see Mark Mabhudhu leave Vast Resources PLC, we are extremely excited that we will be able to continue to work with him in his new role within the diamond mining sector in Zimbabwe,” said Vast chief executive Andrew Prelea.

“We are confident that with Mark in his new role, the diamond mining sector in Zimbabwe will be set for a new high.”

Quick facts: Vast Resources PLC

Price: 0.168 GBX

AIM:VAST
Market: AIM
Market Cap: £22.44 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Vast Resources PLC named herein, including the promotion by the Company of Vast Resources PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Vast Resources: On latest JORC resource for Baita Plai, share price and...

Vast Resources PLC's (LON:VAST) Andrew Prelea talks Proactive London's Katie Pilbeam through the latest published JORC compliant Resource & Reserve Report for its 80%-owned Baita Plai Polymetallic Mine in Romania. Prelea also breaks down the latest financial report including their...

1 day, 13 hours ago

2 min read