RE: Africa Energies Summit 14th-16th May 202414 May 2024 09:02
Because the Rukwa helium project in the south west of the country looks as though it’s going to the be the world’s largest primary producer of helium, bar none.
And if primary helium production has been an obscure topic to the world’s investors up till now, it looks very much as though that’s about to change.
With the clear support of President Hassan, the project’s 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 world’s 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 it’s no wonder President Hassan wants to create a safe and secure investment environment - some pundits indeed, have drawn an analogy between Tanzania’s helium reserves and Saudi Arabia’s oil reserves.
GLA 📈💪🚀