News

Chinese mining company plans to dwarf CQ mines with $5b plan

Glencore Xstrata Plc and Sumitomo Corporation have signed an agreement to acquire Rio Tinto’s 50.1% interest in the Clermont thermal coal mine.
Glencore Xstrata Plc and Sumitomo Corporation have signed an agreement to acquire Rio Tinto’s 50.1% interest in the Clermont thermal coal mine. Peter Holt

A MULTI-NATIONAL Chinese company is planning a $5 billion coal project for Central Queensland which will dwarf some of the region's biggest mines.

The MacMines China Stone project will mine up to 60 million tonnes of coal per year, 45 million 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 Queensland's largest mine at the moment - Goonyella Riverside near Moranbah.

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

It will be amongst good company, with China Stone's neighbours to include billionaire Clive Palmer's Waratah Coal and Indian giant Adani.

It is also of the same scale as GVK Hancock and Adani's multi-billion-dollar mines which will soon demand thousands of workers.

Like those two Indian energy giants, MacMines comes with a powerful pedigree.

It is entirely owned by the Chinese Meijin Group - a firm with more than 14,000 on its payroll and an annual revenue topping $1.25 billion.

Meijin has interests in coal mining, iron, steel production, energy, real estate and even ceramics.

China Stone will need to build a rail line, like its Galilee competitors, to link its mine to a coastal loading terminal, likely Abbot Point.

MacMines must now wait for the Queensland Government to finalise the terms for a future environmental impact statement before it can continue its path towards approval and construction.

This is to be completed by the end of April.

MacMines staff were unavailable to speak to APN before deadline on Wednesday.

Topics:  central queensland, china, coal project, mines



Clive puts road before ramp

BITUMEN ROAD: Clive King wants the road to the Coorooman Creek boat ramp fixed before any further upgrades are made.

THE upgraded Coorooman Creek boat ramp has become a popular spot.

Suicide rate reaches 10-year high

Eight people per day last year took their own life

Helicopter flies to CQ property after girl has accident

One of the RACQ

Girl sustains injury while mounting horse

Local Partners

Katy Perry gets naked to encourage people to vote

Katy Perry in Funny Or Die sketch

Katy Perry has stripped naked for a comedy video

Jogging Tom Hanks crashes wedding in Central Park

Tom Hanks stopped for a selfie with this bride and groom

MOVIE REVIEW: Storks delivers family fun

A scene from the movie Storks.

ANIMATION can be hit or miss but when it hits, it hits hard.

Nick 'the snake' to call the shots on Survivor jury

Australian Survivor contestant Nick Iadanza.

LATEST evictee is out of the game but will still have a say.

Naomi Watts and Liev Schreiber split

Naomi Watts and Liev Schreiber

Naomi Watts and Liev Schreiber have split after 11 years together.

Why Chris Hemsworth was spotted wearing nail polish

RED CARPET: Do you think Chris Hemsworth is the typical unpolished but well-natured Aussie bloke?

He's now officially the best bloke in Australia

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Projects hoped to revive Rockhampton real estate

There have been just over 800 house sales in Rockhampton this year

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'

First stages of $25 million housing development underway

New development on Madsen Rd - The Springs.

The blocks of land are much bigger than usual

14% of renovators doing own electrical work?

Landscaping (46%), demolition (43%) and interior design (77%) are also often tackled head on by plucky homeowners.

And 12% said they did their own plumbing work