Poging GOUD - Vrij
Renergen reports increased interim taxed loss, advances Virginia Gas Project
Cape Times
|November 03, 2025
RENERGEN increased its taxed loss to R139.7 million from R70.4m for the six months to end-August 2025, but it was a period of many initiatives aimed at getting the helium and liquefied natural gas (LNG) Virginia Gas Project (VGP) to run at nameplate capacity.
RENERGEN owns South Africa's first onshore helium and LNG production facility in Virginia in the Free State. It delivered its first helium in March 2025, and is currently working to bring its plants to nameplate capacity.
(SUPPLIED)
Funding agreements were executed to complete Phase 1 of South Africa's only onshore gas mining project. Additional wells were drilled, and construction of the gas gathering pipeline was undertaken to connect the wells. The construction of a third compressor station was started, CEO Stefano Marani said in the half-year financial results released on Friday.
The share price closed a sharp18.8% higher at R16.38 on Friday on the JSE.
In addition, continuous improvement initiatives were advanced in the LNG and liquefied helium operations, while the pre-development phase of Phase 2 of the VGP continued.
Dit verhaal komt uit de November 03, 2025-editie van Cape Times.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Cape Times
Cape Times
Mitchells Plain mourns Zechariah Matthee, 9, and two others killed in mass shooting
A MITCHELLS Plain woman has recounted the horrific moments when she ran back home after hearing gunshots, and found her nine-year-old grandson, her daughter and another man shot and killed.
2 mins
December 04, 2025
Cape Times
Premier Winde's sponsored NY trip under public protector's scrutiny
PREMIER Alan Winde' alleged failure to declare a sponsored trip to New York in the Register of Members’ Interests has now resulted in a Public Protector (PP) complaint against him.
2 mins
December 04, 2025
Cape Times
Alleged underworld kingpin Modack denies 'pinging' payments
FROM August to September 2020, alleged underworld kingpin Nafiz Modack had paid co-accused Zane Kilian R47 500 from his Empire account, coinciding with the tracking and assassination of Anti-Gang Unit detective Lieutenant-Colonel Charl Kinnear, the Western Cape High Court heard.
1 mins
December 04, 2025
Cape Times
Lula, Trump to boost efforts
BRAZIUS President Luiz Inacio Lula da Silva and his US counterpart Donald ‘Trump agreed in a phone call this week to intensify cooperation in the fight against organised crime, the Brazilian presidency said.
1 mins
December 04, 2025
Cape Times
Why Butoh matters for emerging Africa and a changing world
HAVING spent over two decades immersed in the world of Butoh, I believe its principles offer vital ways for humanity to rethink itself—particularly from perspectives outside the West.
3 mins
December 04, 2025
Cape Times
CEF positions itself to take over oil majors’ assets as companies exit South Africa
THE Central Energy Fund (CEF) says it is preparing to absorb fuel infrastructure and other assets from global oil companies that are scaling down operations in South Africa, as part of its strategy to secure national fuel supply and strengthen its downstream footprint.
2 mins
December 04, 2025
Cape Times
Logistics sector warns of rising costs as fuel prices jump ahead of festive season
SOUTH Africa's transport and logistics industry has warned of higher operating costs, rising consumer prices and pressure on holiday travel budgets after the government announced steep fuel price increases for December.
2 mins
December 04, 2025
Cape Times
Artscape Accessibility Festival a celebration of artists with disabilities
THE Artscape Accessibility Festival is more than a celebration of performance - it is a declaration of rights, dignity, and visibility.
2 mins
December 04, 2025
Cape Times
Boks handed favourable World Cup pool, but brutal knockout path awaits
THE Springboks have what amounts to a series of training runs in their 2027 World Cup Pool B matches against Italy, Georgia and Romania, but matters get deadly serious from the quarterfinals onward.
2 mins
December 04, 2025
Cape Times
City of Cape Town threatens constitutional challenge if fixed tariffs ruled invalid
SHOULD the court rule in favour of the South African Property Owners Association (SAPOA) and AfriForum, the City says they will seek to have Section 75A of the Systems Act declared inconsistent with the Constitution and invalid, as it impedes their ability to exercise their full municipal powers and deliver services to communities.
3 mins
December 04, 2025
Listen
Translate
Change font size