BAKU, Azerbaijan, August 15. UK's Vast Resources PLC opened joint venture project at the Takob Mine in Tajikistan with Korkhanai Boygardonii Takob ("Takob") OJSC, Trend reports citing the London South East.
Vast Resources PLC will receive participation equivalent to a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced from the Takob Processing Project.
"I would also like to thank all the stakeholders and our strategic partners in Central Asia Minerals and Metals Ore Trading FZCO for giving Vast the opportunity to participate in this exciting venture that opens the door to further opportunities in Tajikistan," the company's CEO Andrew Prelea said.
Notably, Cast Resources plc is a UK AIM (alternative investment market) listed mining company with mines, development projects and mining interests in Romania, Tajikistan and Zimbabwe.