Analogy between Tanzaniaโs helium reserves and Saudi Arabiaโs oil reserves !10 Aug 2024 23:36
Tanzania President Hassan is probably one of the few world leaders in history to name-check helium in what amounted to her inaugural address to the nation.
Why did she do it? Take a look ๐
Because the Rukwa helium project in the south west of the country looks as though itโs going to the be the worldโs largest primary producer of helium, bar none.
And if primary helium production has been an obscure topic to the worldโs investors up till now, it looks very much as though thatโs about to change.
With the clear support of President Hassan, the projectโs owner, Helium One (LON:HE1), is keen to get cracking with the next stage of development work as quickly as possible.
The thinking is that once up and running, Rukwa could supply between 10% and 15% of the worldโs helium needs for the next hundred years. And given that helium is essential in the manufacture of MRI scanners, fibre-optics, rocketry, aerospace products and semiconductors, what we are talking about here is a raw material for the high end of the high-tech industry.
In that context itโs no wonder President Hassan wants to create a safe and secure investment environment - some pundits indeed, have drawn an analogy between Tanzaniaโs helium reserves and Saudi Arabiaโs oil reserves.
https://www.proactiveinvestors.co.uk/companies/news/946590/tanzanias-new-president-comes-out-as-firmly-pro-business-and-highlights-helium-nickel-and-gold-946590.html
Hold onto your balloons, folks ! ๐
GLA ๐๐ฐ๐ช๐๐
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