Renergen deal
March 15 (LNGJ) - Renergen, the South African developer of the Virginia Gas Project in the Free State with helium and LNG production planned, said on March 14 it had lined up Ivanhoe Mines, a Canadian-listed owner of South African mining interests, as a potential strategic partner after it acquired a 4.35 percent stake in Renergen.
“Ivanhoe is an ideal partner to stand alongside Renergen in the development of its world-class helium reserves at Virginia,” said David King, Chairman of Renergen, which is listed on the Johannesburg and Australian securities exchanges. Ivanhoe’s Platreef project is in South Africa’s northern Limpopo province and is targeting palladium, platinum, rhodium, nickel, copper and gold. The Ivanhoe Co-Chairs are Robert Friedland and Yufeng “Miles” Sun.
