Newspaper article The Daily Mercury (Mackay, Australia)

New $5B Mine to Join CQ Giants; Chinese Project Will Dwarf Top Producers

Newspaper article The Daily Mercury (Mackay, Australia)

New $5B Mine to Join CQ Giants; Chinese Project Will Dwarf Top Producers

Article excerpt

macmines

Is planning $5b China Stone project.

Will mine up to 60m tonnes of coal a year, four times more than Goonyella Riverside Mine.

Will export 45million tonnes.

Owen Jacques

APN NEWSDESK

news@dailymercury.com.au

A CHINESE multi-national is planning a $5billion coal project for Central Queensland that will dwarf some of the regionCOs biggest mines.

The MacMines China Stone project will mine up to 60million tonnes of coal a year, 45million of which will be exported.

Those are figures comparable to the enormous coal mines being developed by GVK Hancock and Adani.

When China Stone hits peak production, it will export four times more coal than Central QueenslandCOs largest mine at the moment Co Goonyella Riverside, near Moranbah.

MacMines will build the sprawling project 300km west of Mackay, between Charters Towers and Clermont.

It will be in good company, with China StoneCOs neighbours to include billionaire Clive PalmerCOs Waratah Coal and Indian giant Adani. …

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