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Emerging helium and natural gas group Renergen, which is in the process of commissioning the first phase of its Virginia gas plant, says it is evaluating a possible $500m (R7.7bn) loan for the second phase of the project, which will be about 12 times larger than the first.

Renergen said in a statement on Monday that it has signed a retainer letter with the US International Development Finance Corporation (DFC), a development financier that has already provided the energy group with $40m...

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