Ivanhoe has not received the Government approvals required to meet the deadline of 120 days from the announcement for its plans to purchase up to a 55% stake in Renergen. Ivanhoe remains a 4.35% shareholder of Renergen and this does not preclude Ivanhoe from further investments in Renergen, as Ivanhoe was interested in the gas production from Renergen to supply its mining assets.
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