Vast Resources starts zinc concentrate production in Romania
Vast Resources PLC has started full-scale commercial zinc production at its Manaila polymetallic mine in Romania.
Adding zinc concentrate would directly enhance profitability through an increase in revenue and a reduction in costs per tonne, said Roy Pitchford, Vast’s chief executive.
Initial commissioning was in the first week of September, since when 50 tonnes of concentrate have been produced.
The target now is 150 tonnes per month and Vast aims to increase the percentage of zinc in the concentrate to 35%.
Reprocessing of copper tailings to extract zinc has also started.
Vast recently published a first JORC-compliant resource at Manaila.
In the open pit section it has 2.6mln tonnes at 1% copper, 0.4% lead and 0.9% zinc at a 0.25% copper cut-off.
Underground there is an additional 310,000 tonnes at 1.7% copper, 0.4% lead and 0.5% zinc at a 1% copper cut-off.
Pitchford added Manaila was going from ‘strength-to-strength’.
“These recent operational achievements have transformed Manaila’s performance,” he added.
Vast added it had also appointed Brian Moritz, a veteran accountant and corporate finance specialist, as a non-executive director.
source: proactiveinvestors.co.uk
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- Rosia Montana in Romania, UNESCO protection and value of civic action
- Avala Resources shareholders invited to approve transaction with Dundee, copper-gold projects in Serbia
- Canadian mining companies in Europe & ISDS
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- Gazprom-OMV deal exclude Romania OMV refinery
- What Are The Major Natural Resources Of Macedonia?
- How valuable is Kosovo’s mineral wealth?
- Gold mining project in Northern Ireland threatens livelihood of communities
- Serbian calcite exploitation company Belkalhan opening supply channels toward Europe industrial users for delivery contracts 2024/2025