Energy

Australian junior Riversdale Mining has lined up two major Chinese backers for its second proposed coal venture on the Moatize field in Mozambique.

CIC Energy, says it has extended its engineering, procurement and construction (EPC) contract to allow time for South Africa to approve its second Integrated Resource Plan (IRP2010).

Serious consideration is being given to the possibility of unbundling Eskom's transmission network and making it part of the future independent systems operator.

First Uranium Corporation shares are up on news that the key water use licence for the Mine Waste Solutions operation has finally been granted.

China's Ningxia region hopes building work will start this year on a major coal-to-oil project designed by South Africa's SASOL but central government has yet to give the go-ahead.

Coal of Africa Ltd will raise R619m in a rights issue to fund studies into its Makhado project, acquistions of contiguous properties as well as pay down debt.

Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages.