Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Agrees a further extension to its asset backed debt facility with A&T Investments SARL and to tranche A of its prepayment agreement with Mercuria Energy Trading SA. Extension is to November 30. Says all terms and conditions of the debt remain the same. Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Confirms talks with A&T Investments SARL and Mercuria Energy Trading SA relating to a possible extension of tranche A of the prepayment agreement first announced in March 2018. The totality of debt that Vast Resources owes was due to be repaid last week Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Says that a protest at its Baita Plai polymetallic mine in Romania has come to an end, and operations are now continuing as normal at the site. Follows an announcement on September 22 that some Romanian press outlets had reported strike action by mine workers at Baita Plai. At the time, Vast Resources said: "The strike action, which was undertaken illegally, was reported from the mine and coordinated by a small number of individuals...The majority of the workforce remain supportive of the company and continue to perform their duties on site without impediment; as such the impact on operations at Baita Plai is expected to be minimal." Read More
(Alliance News) - London's FTSE 100 managed to push into the green on Thursday, though it fell short of the more convincing gains by European peers, which recovered some poise after a difficult week so far. Read More
(Alliance News) - Vast Resources PLC shares dropped on Friday, after it updated shareholders on strike action by mine workers at its Baita Plai polymetallic mine in Romania. Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Announces further delay to settlement of historic parcel, due to the company's recent election process over the past month. Adds that it remains confident of finalising the process. In May, Vast said that it was finalising the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court order in the company's favour. In August, it said that concluding documentation, this had been delayed to September 29. Read More
(Alliance News) - Vast Resources PLC on Wednesday reported higher concentrate production at its Baita Plai polymetallic mine in Romania in the second quarter of 2023. Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Notes positive drilling results from phase one drilling at Baita Plai mine in Romania. Says 45 metres of the 164 metres that were assayed is ore. Says the exploration programme confirms the potential to extend the mining area. Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Reports accident on Friday afternoon at Baita Plai polymetallic mine in which employee "was fatally injured in a mine transportation incident." Mine is located in the Apuseni Mountains in the Transylvania region, Romania. Vast says it is investigating the circumstances independently and jointly with police and other "relevant authorities" and is "providing all necessary assistance for the enquiries into this tragic accident"; will announce further details once enquiries have concluded. Expects production at Baita Plai to resume today following a safety stop. Read More
(Alliance News) - Vast Resources PLC on Friday said it raised money through a share issue and reported operational breakeven for the Baita Plai polymetallic mine in Romania. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Agrees to debt extension with Mercuria Energy Trading SA to December 30, 2024. Last year, Vast Resources undertook a debt reduction of USD1.0 million to Mercuria, and secured a USD4.0 million asset backed debt facility from A&T Investments Sarl, arranged by Swiss investment banking boutique Alpha Credit SA. Total debt owed to Mercuria is GBP7.7 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Raises GBP978,967 through a placing of 212.8 million shares at a price of 0.46 pence per share. Says it will use the cash for an immediate upgrade to underground equipment to maintain the underground production ramp up and the continuation of the ongoing drilling programme at the company’s Baita Plai Polymetallic mine in Romania. The company notes that Baita Plai is moving towards its name plate capacity of 14,000 tonnes per month in the first half of 2023, after seeing strong production and sales in the fourth quarter of 2022. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Vast Resources PLC on Monday said it raised GBP2.4 million through a placing of 433.2 million new shares at 0.55 pence per share. Read More
(Alliance News) - Vast Resources PLC on Thursday said the High Court of Zimbabwe has granted a default order against the Minister of Mines & Mining Development, in relation to the release of a historic parcel of diamonds. Read More