Helium touted as fu­ture cash earner

East African Business Week - - ENERGY -

CAPE TOWN- Helium gas has been touted as a po­ten­tial big earner with Tan­za­nia in po­si­tion to be­come a lead­ing ex­porter.

Dr Peter Dolan, an in­de­pen­dent ex­plorer and in­vestor with Dolan & As­so­ciates, cited Helium One who are in­volved with the Tan­za­nia ven­ture. He said Tan­za­nia has helium gas with high sur­face seeps and, while it is “early days”, it is a gas that is in­creas­ing in de­mand. Bruce Byrd, ge­ol­o­gist and head geo­physi­cist for Rhino Re­sources, also men­tioned the po­ten­tial of helium, which has been dis­cov­ered in South Africa’s Ka­roo Basin.

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