Eastern in the news

• AGL turns up the gas with $37m project
  Queensland's coal seam gas sector just got hotter with AGL Energy investing $37 million in a pilot testing and exploration program to boost its reserves.
• Farm-in deal
  Galilee Energy, the Eastern Corp subsidiary with coal seam gas exploration areas near Longreach, is in negotiations with a potential farm-in partner.
• Major coal deal for Toll Rail
  Toll Rail has signed a two-year contract to transport coal from Eastern Coal Holdings Takitimu mine to Clandeboye, one of Fonterra's two large South Island dairy factories.
• Dairy expansion spurs big dig in south
  Feeding the dairy monster is leading to a boom of a different kind in the south as millions of dollars worth of contracting equipment flows into the region.
• Aust miner spends $12m on South Island coal
  Brisbane-based Eastern Corporation says it has spent more than $12 million developing coal projects in the South Island, and will be marking further "considerable expenditure commitments".
• Eastern ready to boost output
  Australian owned Eastern Corp - Targeting 200,000 tonnes of coal production from Southland - plans to boost its $12 million capital expenditure programme further at its year-old former nightcaps mine, named Takitimu.
• Busy days ahead for mine
  The Takitimu coalmine in Nightcaps is in full swing in preparation for taking over the supply of coal to Fonterra's Clandeboye plant near Timaru.
• Eastern Corp stays steady
  Eastern Corporation has returned steady March quarter results from its growing New Zealand operations, while further development at the Broughton project in Queensland has been put on hold due to projected overheads and operating costs.
• Eastern's coal success dents Solid Energy's dominance
  A shock for state-owned collier Solid Energy has come from its loss of the coal supply contract for Fonterra’s giant Clandeboye dairy factory near Timaru to Australian start-up Eastern Coal Supplies.
• Eastern Corp stays steady
  Eastern Corporation has returned steady March quarter results from its growing New Zealand operations, while further development at the Broughton project in Queensland has been put on hold due to projected overheads and operating costs.
• Eastern's coal success dents Solid Energy's dominance
  A shock for state-owned collier Solid Energy has come from its loss of the coal supply contract for Fonterra’s giant Clandeboye dairy factory near Timaru to Australian start-up Eastern Coal Supplies.
• Solid Energy loses key coal contract to Eastern
  A Solid Energy mine will downsize operations and have its long-term future reviewed after it lost a key coal supply contract with Fonterra Co-operative Dairy Company, which awarded the contract to Eastern Corporation.
• Whareatea West looks promising for Eastern
  A Solid Energy mine will downsize operations and have its long-term future reviewed after it lost a key coal supply contract with Fonterra Co-operative Dairy Company, which awarded the contract to Eastern Corporation.
• Aust-based coalminer granted two permits
  Queensland-based coal company Eastern Corporation has been granted two prospecting permits in Western Southland, covering more than 230 square kilometres.
• Cascade production well up
  Coal production at Eastern Corporation’s Cascade mine, near Denniston, rose 62 per cent to 65,000 tonnes in the year ending June 30.
• Eastern posts $2m profit
  Buller coalminer, Eastern Corporation, has posted a $A1.79 million ($NZ2.06m) profit in the 12 months to the end of June, after recording a $A12 million loss last year.
• Miner may export from Timaru
  Local miner, Eastern Corporation, looks set to export its Denniston coal out of Timaru after paying $2.4 million for a coal stockpile, blending and distribution centre there.
• Eastern Corp
  COAL was discovered at the now tiny town of Nightcaps in New Zealand’s southland province in the 1870’s.
• Eastern ups New Zealand ante
  AUSTRALIAN coal junior Eastern Corporation will this week complete the acquisition of Straith Industries coal mining operations in the far south of New Zealand's South Island.
• Cold winter lifts coal sales
  Buller coal-miner, Eastern Corporation says a cold South Island winter has increased its domestic coal sales and contributed to an anticipated $2 million end-of-year profit.
• Eastern updates coal projects
  EASTERN Corporation has announced its fourth-quarter results, and after moving to acquire more coal projects and raising over $1.45 million in an options exercise.
• Eastern establishes foothold in Southland's Ohai coal fields
  Eastern Corporation of Queensland, Australia has taken an option to purchase the coal mining operations of Straith Industries in the Ohai-Nightcaps area.
• Eastern's Cascade coal mine in Buller lifts output substantially
  The Cascade coal mine near Westport is expected to reach production of 65,000 tonnes for the year ending 30 June 2006.
• Eastern heads south for its Kiwi expansion
  Australian listed Brisbane based energy and coal company Eastern Corporation has bought a second South Island mine.
  source: Otago Daily Times
• Buys of the black stuff
  A former failed metals prospector has metamorphosed into a promising coal miner - and the share price is right.
  source: The Bulletin