Eastern Coal

In March 2011 Bathurst completed the acquisition of Galilee Energy Limited's wholly owned subsidiary Eastern Resources Group Limited.

The strategic acquisition will consolidate Bathurst’s Buller Coal permit holdings with Eastern’s Whareatea West exploration permit adjacent to Buller's Escarpment block. Furthermore, it provides immediate positive cash flow from Eastern's two operating coal mines - the Takitimu mine in Ohai and the Cascade mine on the Buller plateau, with combined production of approximately 200,000 tonnes per annum.

The Takitimu mine produces approximately 150,000 tonnes per annum of thermal coal for use by domestic customers in the industrial sector of New Zealand.