Vast understands that it plays an important role in the local economies and communities in the areas in which it operates, and its commitment to providing valuable contributions, both fiscal and social, is a crucial aspect of Vast’s growth strategy.
Looking specifically at Vast’s activities in revitalising the diamond industry in Zimbabwe, as part of the Heritage Concession Joint Venture within the Marange Diamond Fields, Vast is committed to giving support to the local community by:
- Implementing education initiatives for local children
- Building new water wells to ensure access to clean drinking water
- Building a new community centre and medical centre within the Chiadzwa claim
- Working with the community to train and employ local citizens
Vast is committed to the rehabilitation of the JV Diamond Claims once mined and will implement agricultural programmes for the long-term sustainability of the local environment.
In Vast’s other main area of influence, Romania, Vast is committed to stimulating the local economy through the employment of the local labourforce. The Company also plans to implement new education and training programmes at its flagship mining areas in 2019. A “buddy” system will be introduced with the aim of reducing unemployment within the local communities.
In addition, Vast has pledged to pay 2% of all future profits from its Romanian operations to local non-profit organisations.