Brisbane based and listed on the ASX, Eastern Corp is
pursuing the development of coal projects in New Zealand.
There are various reasons why New Zealand coals are of interest -
substantial resources, stable political/economic environment, close to Asian
markets. In just over 12 months, Eastern has secured an operating coal mine
(Cascade) and a prospective exploration area (Whareatea West), both on the
Denniston plateau region, on the south island's west coast. A key focus of
activities is the development of relationships with key stakeholders and the
promotion of the local economy.

Certain barriers may
exist to the entrance by foreign companies into the New Zealand coal
mining sector. These include geological challenges provided by the heavy
faulting of the coals, port and rail infrastructure constraints, and the green'
factor.