Natural gas and helium producer Renergen has announced that Ivanoe Mines will no longer be taking up its majority share option in the company as originally planned.
gasworld reported in March (2022) that Canadian mining company Ivanhoe Mines had acquired close to a 5% stake in Renergen, with scope to be a majority shareholder and ultimately holding a 55% stake in the firm.
The investment was described as being set to ‘greatly benefit’ Renergen’s Virginia Gas Project in South Africa’s Free State around the towns of Welkom, Virginia and Theunissen, which hopes to produce both liquid helium and LNG.
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