The amounts assigned for these projects targeted the infrastructure, new mining equipment, maintenance works on the two sites, environmental projects and staff training.
Andrew Prelea, President and Executive Director of Vast Resources Romania, said the amount of money invested so far in projects in Romania was meant to prepare the mines and the personnel to resume work. He added that, on a long term, Vast Resources will constantly invest both in mining projects and in the communities around them.
Along with the start of the company’s activity in Romania, the number of employees at the two mines rose over 50%. Therefore, the company currently has 180 employees and their number is expected to double by the end of 2016.
Exploration and mining company Vast Resources has restarted its activity in the Manaila mine in August last year, and in 2016 it will resume work in the mine in Baita as well. The company’s activity in Romania targets the exploitation of the poly-metallic ore and its long-term investments will target both the maintenance and rehabilitation of the mines and employee training, while offering support to the nearby communities.
Vast Resources was founded in late 2005 and its core activity consists of exploration of mineral deposits in Zimbabwe and Southern Africa. In addition to the activity in Africa, in May 2013, Vast Resources has turned its attention to Romania, in view of developing its business strategy.