Some independent analysts say the recently discovered helium gas in Lake Rukwa could be worth $3.5 billion. The analysts from Global Risk Insights, however, say the discovery of 54.2 billion standard cubic feet of helium could escalate land disputes and conflicts between villages and investors. “With this latest find valued at $3.5 billion, Tanzania has much to gain, considering its nominal GDP stands at $46.8 billion. The find will further galvanise the mining sector,” the analysts’ report says. Scientists from Durham and Oxford universities announced last month that vast resources of the rare Helium gas had been discovered in Tanzania’s Great Rift Valley. The discovery, described as game-changer, is set to end concerns over a shortage of gas used in medical diagnosis equipment, mainly MRI and in rocket science. But even as the Global Risk Insights’ analysts gave their estimates, Helium One, the company, which […]