China Stone project

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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.[1]

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.[1]

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  1. 1.0 1.1 Matt Chambers and Sarah-Jane Tasker, "China's biggest coke producer (Meijin) plans coal giant in Galilee Basin", The Australian, June 8, 2011.

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