Macmines Austasia Pty Ltd was registered and established in Queensland, Australia in July 1999. Since its establishment, the company has been focusing on geological exploration and mining business in Queensland..

In December 2005, the company obtained the "Yarrowmere North" Exploration Permit Coal (EPC987) from the Ministry of Natural Resources and Mines in Queensland in accordance with the Mining Act 1989 in Queensland, Australia.

In July 2007, Shanxi Meijin Energy Group in China had acquired 100% stakes of Macmines by its overseas company and became the sole shareholder of Macmines.