Vast Resources posts record copper and zinc output at Manaila mine in Q4 of 2016

UK’s Vast Resources has registered important records during October-December 2016, as far as both copper and zinc ore quantities mined from the Manaila plant and operational costs are concerned.

According to a press release, in the last three months of last year, the company has succeeded in increasing the copper concentrate production with 44 percent and the Zinc concentrate production with 371 percent in comparison with the same period in 2015. Furthermore, the production costs have also been reduced by 40 percent, reaching the sum of USD 901 per Ton (from over USD1,500 per Ton during the same period in 2015).

“Vast Recources has invested in upgrading and increasing the productivity of the operations from the plant in Manaila during 2016 and the results were immediate. Even though we have faced many obstacles, such as extreme weather conditions, we have successfully concluded the last quarter of last year and this has motivated us to continue the investments in 2017,” Andrew Prelea, President & CEO of Vast Resources Romania said.

Good news are coming also from Bihor, where Vast Resources finished in November the drilling program that aimed explore the tailing ponds from Faneata. Therefore, the British company can now start the feasibility studies.

“In 2016 we have made important progress regarding the sub-licensing of the mine in Baita Plai and we hope to solve this matter by the end of the first half of 2017. This license would allow us to put into operation another mine in Romania, which means an important increase of employment in these mono-industrial areas and of course, important investments,” Andrew Prelea added.

The main plan the company has for Romania this year is to continue the upgrading and expansion process of the poly-metallic mine from Manaila, but also start the work at the mine in Baita Plai, and begin the actual greening program of the tailing ponds from Faneata.