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Africa|Engineering|engineering news|Financial|Gas|PROJECT|Environmental|Operations
africa|engineering|engineering-news|financial|gas|project|environmental|operations

Renergen navigating setbacks, commits to restoring investor confidence

Renergen navigating setbacks, commits to restoring investor confidence

13th February 2025

     

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From Creamer Media in Johannesburg, this is the Real Economy Report.

Sashnee Moodley:

While South African natural gas and helium producer Renergen has faced a series of challenges that have impacted on its operations and financial standing in recent months, the company has reiterated its commitment to delivering on promises made to shareholders. Simone Liedtke, who recently visited their Virginia gas project, tells us more.

Simone Liedtke:

While liquidity pressures, production setbacks and environmental concerns had complicated the company’s ability to meet its commitments, Renergen had been in ongoing communication with lenders and stakeholders.

Renergen CEO Stefano Marani...

Simone Liedtke:

However, given a decline in the company’s share price, Marani tells us how Renergen plans to restore investor confidence.

Renergen CEO Stefano Marani...

Simone Liedtke:

He further elaborates on delays and commitments to supplying helium.

Renergen CEO Stefano Marani...

Simone Liedtke:

COO Nick Mitchell, meanwhile, elaborates on some of the repeated setbacks in helium production, and explains what steps have been taken to mitigate such supply chain vulnerabilities moving forward.

Renergen COO Nick Mitchell...

Sashnee Moodley:

That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy. Don’t forget to listen to the audio version of our Engineering News daily email newsletter.

Edited by Creamer Media Reporter

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