China Stone project

The China Stone project is a project being investigated by Macmines AustAsia, a subsidiary of Meijin Energy, the largest private coke producer in China. The project would be located approximately 230 kilometres southwest of Charters Towers in Queensland's Galillee Basin. The company is owned by the billionaire Yao Junliang.

In early June 2011 Macmines AustAsia released its first resource estimates revealing a deposit containing 3.7 billion tonnes of thermal coal. It was reported that a company official said Meijin was investigating a possible 30 - 60 million tonnes a year of coal for export from 2014 or 2015.

Related SourceWatch articles

 * Coal barons
 * China and coal
 * Australia and coal

External resources

 * Macmines AustAsia, China Stone project, company website on the project.