MacMines Austasia, the Chinese-owned company planning to develop $6.7bn China Stone Coal project in Queensland, has submitted the environmental impact statement (EIS) for the project.

The project is expected to produce up to 38 million tonnes per annum (Mtpa) of coal during the mine life of 50 years.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

MacMines Austasia plans to mine thermal coal through open-cut and underground mining methods.

Under the open-cut mining operations, it will use multiple draglines and truck and shovel pre-stripping, while the underground operations will include three operating longwalls in two underground mining areas.

"Once operational, the mine is estimated to contribute $5.9bn to the Queensland and Australian revenue through coal royalties over the 50 year life."

Coal mined from the project planned to be washed and processed on-site before it is transported by rail for export.

Queensland minister for state development Dr Anthony Lynham said that the project would provide up to 3,900 jobs during the proposed two-year construction phase and up to 3,400 operational positions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lynham said: "This is a significant milestone for this project, which is an important contributor to the ongoing development of the Galilee Basin."

The mine will be located 300km west of Mackay and near the proposed $16.5bn Carmichael mine being proposed by India’s Adani Group.

Lynham added: "The China Stone Coal project involves the construction and operation of a greenfield open-pit and underground thermal coal mine within a 20,000ha mining lease area.

"Once operational, the mine is estimated to contribute $5.9bn to the Queensland and Australian revenue through coal royalties over the 50 year life of the mine."

Queensland Government is now seeking comment on the proposed project which can be submitted until 7 September 2015.