The Directors of EastCoal advise that the Company has received independent confirmation that there are ready, strong and growing domestic and international markets for future production of anthracitic coal products from the Verticalnaya coal mine now under development by EastCoal in Ukraine. EastCoal engaged MinAxis Pty Ltd, an Australian company specializing in coal marketing, to undertake an independent marketing study [...]
EastCoal Inc. is pleased to report that it has received proceeds of approximately $19.6 million from the exercise of warrant shares during fiscal 2011, including $5.9 million received in October 2011. In all, approximately 68 million warrant shares, representing 97% of all warrant shares outstanding, were exercised. The balance of the warrant shares expired unexercised.
EastCoal is pleased to announce that it has entered into a letter of intent with Aponet Enterprises Ltd. under which EastCoal has acquired the right to purchase a 100% interest in the Menzhinsky Mine located in Ukraine. The Menzhinsky Mine is currently in operation. Production of coking coal from the developed section of the Mine, possibly increased by development of additional sections, will be a strategic fit with the [...]
EastCoal Inc. is pleased to announce that recent work at the main Verticalnaya anthracite mine has established that access to a new West Block in the west extension of seam H8 can be readily established. While access from the former mine into that area had been sealed off and was believed to be flooded, investigation of a ventilation drift has established that the access is free of water.
EastCoal is pleased to report that construction of the wash-plant for the Verticalnaya mine in Ukraine is 90% complete. It is expected that the plant will be shipped from the manufacturer in the United Kingdom in the coming month. On site, foundations are being prepared. The plant is expected to be operational on schedule before the end of the year.
EastCoal is pleased to announce the appointment of Mr. Abraham (Braam) Jonker to its Board of Directors. Mr. Jonker is a Chartered Accountant (South Africa and England and Wales) and holds a Masters degree in South African and International Tax from the Rand Afrikaans University. He has over 17 years of extensive accounting and corporate finance experience, mostly in the mining industry. He has worked as a consultant to [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/26/11 -- EastCoal Inc. (TSX VENTURE: ECX) (the 'Company' or 'EastCoal') is pleased to report that, following the commencement of de-watering the lower levels of the main Verticalnaya shaft mine, it is now rehabilitating some 120 metres of previously flooded roadways. The general condition of these roadways is good, requiring only minor repair in some sections. When the
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 19, 2011) - EastCoal Inc. (TSX VENTURE: ECX) (the “Company“ or “EastCoal“) is pleased to announce that it has filed a new NI 43-101 compliant technical report on its Verticalnaya Mine, Ukraine. The ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 8, 2011) - EastCoal Inc. (TSX VENTURE: ECX) (the "Company") is pleased to announce that Mr. John Byrne has been appointed Chief Executive Officer of the Company. Mr. Bryce Porter, formerly President ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 18, 2011) - EastCoal Inc. (TSX VENTURE: ECX)(the “Company“) is pleased to announce that it is increasing the pace of development at its Verticalnaya anthracite mine in Ukraine. In addition to the ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 15, 2011) - EastCoal Inc. (TSX VENTURE: ECX) (the "Company") is pleased to announce the appointment of Mr. Gregory Cameron to its Board of Directors. Mr. Cameron has worked in the financial industry ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 9, 2011) - EastCoal Inc. (TSX VENTURE: ECX) (the "Company") is pleased to announce that it is commissioning the supply and installation of a coal washing plant for its Verticalnaya North Project ...
+1400,00 %
-40,00 %