The money was used to start the greening process of tailing ponds at the Baita Plai mine, as well as for maintenance works and staff training.
In 2016, the company reported a turnover of over $3 million, being the first entire year of production for the mine in Manaila since its administration by Vast Resources.
According to the company, the mine and the production installation in Manaila were modernized and eco-friendly techniques were implemented in order to improve the quality of extracted materials. These activities also generated an increase in the number of employees.
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.