Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

UK-based Vast Resources has resumed operation at its Baita Plai Polymetallic Mine in Romania after replacing a steel railway bridge connecting the mine and its flotation plant, according to a statement by the company.


The mine is located in the Apuseni Mountains in Transylvania and hosts 1,800,000mt of the copper-silver-zinc-lead-gold-tungsten-molybdenum ore body at 6pc copper equivalent within the mining license area.


The company had shut down operations as safety concerns at the railway bridge access point had delayed the first sale of concentrate to offtake partner Mercuria by three to four weeks.


The company said that it is on track to reach its October output and sales targets outlined in September. It had projected that the plant would process 14,116mt of ore and deliver 281mt of payable copper-equivalent in Q4 FY2020.


A new JORC Reserve and Resource report for Baita Plai mine is expected to be released in October.


Vast Resources also owns the Manaila polymetallic Mine in Romania.

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