RE: As the saying go's6 Jun 2023 17:49
Looks like this is the start leading on to more news to follow.
The signed High Court order is expected in the coming days and once the processes are finalized, Vast can refocus attention back to other opportunities in the country.
Settlement discussions have been underway for some time, Vast said in late January, adding that the Supreme Court of Zimbabwe gave a direction in 2010 that required legacy issues to be finalized in the High Court.
Vast Resources chief executive officer, Andrew Prelea told the media this that he was extremely impressed by the manner in which President Emmerson Mnangagwa’s administration expeditiously resolved the matter.
“Despite taking longer than anticipated, I am very pleased to announce that after many years of hard work and discussion with the Zimbabwean Government the matter regarding the release of the historic parcel has now been amicably settled in a manner supported by an Order of the High Court of Zimbabwe.
“This demonstrates the Zimbabwe Government’s and in particular His Excellency President Cmd. E D Mnangagwa’s commitment to resolving legacy issues related to investment in Zimbabwe in a transparent and legal manner for the mutual benefit of investors and the country,” he said.