good news

Auspine to sustain log intake for at least 12 months
15:26, Monday, 2 April 2007

Sydney - Monday - April 2: (RWE Australian Business News) -
Auspine Ltd (ASX code: ANE) today said it remained confident that, in
conjunction with private and other sources of logs, it could sustain
current sawlog intake volumes for at least the next 12 months.
The company executed a log supply contract with Rayonier late on
Friday March 30.
Following an offer from the Premier of Tasmania, and Auspine's
acceptance, the company is working with the Tasmanian Government on the
purchase of additional volumes of sawlog from the west coast of
Tasmania.
Also, Auspine has confirmed its intention to secure current
employment levels at both Scottsdale mills for at least for the
immediate future.
The company noted a considerable volume of the log supply which
had been secured for the immediate future was also available for at
least three to four years.
In conjunction with Auspine's national operations, this log
availability would enable the company to continue to supply and service
all Tasmanian customers for the foreseeable future.
Auspine shares traded steady at $3.58 today.
ENDS