Edward West edward.west@inl.co.za JUNIOR helium miner Renergen, which has seen its share price rocket 192 percent over a year, plans to go into commercial production in April 2022, chief executive Stefano Marani said yesterday.
The share price traded at R37.59 per share yesterday morning on the JSE, well up from R12.75 a year ago.
The company said after a sharp upward revision of its helium reserves late last year, that it was potentially one of the biggest helium producers, with the richest concentrates of the gas.
Helium is a rare element used for space exploration, rocketry, high level scientific applications, in the medical industry for MRI machines, fibre optics, electronics, telecommunications, superconductivity, underwater breathing, welding, nuclear power stations and lifting balloons.
Marani said in response to Business Report questions…