Thus, the company registered a 44% increase in copper concentrate and a 371% increase in zinc concentrate compared with the year-earlier period. Operating costs per ton of concentrate also decreased by 40% to $901 in the fourth quarter, from over $1,500 in the same period of 2015.
The company wants to continue the process of improving operational efficiency and enhancing Manaila’s production profile, to start works at Baita Plai polymetallic mine and start the greening process at the tailings dam at Faneata.
Vast Resources has already announced it would invest most of the $8 million obtained through the sale of assets in Zimbabwe in its Romanian projects.
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.