Macmines Welcomes The EIS Approval

China Stone

MacMines Austasia Pty Ltd welcomes the approval by the Coordinator General of the China Stone Coal project. This is a major step in the development of the Project.

MacMines Austasia is a 100% subsidiary of the Meijin Energy Group, a China Shanxi Province major diversified private energy company. Meijin is China’s top metallurgical coke producer and has interests in coal mining, steel production and clean energy production. As well as MacMines Austasia, Meijin is a major shareholder in Australian Ilmenite Resources and Australian Gas and Oil, both based in the Northern Territory.

Meijin has the capability and support to develop the China Stone coal project and brings with it several major Chinese enterprises to aid the project’s completion.

China Stone’s conditional EIS approval is a milestone in the projects’ path toward building a 38 million tonne per annum open cut and underground mine in the Galilee Basin. The project is the fifth coal mine in the Galilee Basin to reach this stage. The company has applied for mining leases to enable the project to proceed and this next step will take time to complete.

Critical to the development of China Stone Coal Project is the completion of a railway which links the northern Galilee Basin to Abbot Point coal terminal. This is the key enabling infrastructure for the project and MacMines is considering options to deliver this outcome.

The project will be a great benefit to the local region, state and nation and its approval by the Queensland Coordinator General is welcomed.

https://www.statedevelopment.qld.gov.au/resources/cg/eis-china-stone-coal-project-unsigned.pdf

For further information contact

Russell N Phillips

CEO

MacMines Austasia Pty Ltd

rphillips@macmines.com