Vast Resources subsidiary submits application to mine at Baita Plai

Romania and Zimbabwe-focussed mining company Vast Resources announced on Monday that, following acceptance of the agreement by the Minister of Economy as announced on 22 June, the state-owned company Baita SA - the holder of the Baita Plai Head Licence - and Vast’s 80% subsidiary African Consolidated Resources, had now submitted their joint formal application to Romania’s National Agency for Mineral Resources.

The AIM-traded firm said the application was for the grant to AFCR of an ‘association licence’, which would give it the right to mine at Baita Plai.

“The joint application to ANRM is the final stage in what has been a protracted legal and administrative process, and the company has reason to believe that the actual grant of the association licence will follow shortly,” Vast’s board said in its statement.