Thursday, October, 21, 2021 02:01:38

Reports confirm that the government of Queensland has granted a conditional environmental approval for the A$6.7 billion (US$4.84 billion) China Stone coal mine project proposed by MacMines Austasia in the Galilee Basin. The underground and open-cut thermal coal mine is anticipated to generate about 38 million tons every year at peak production.

Apparently, the project would be exporting coal to the Asian market, mostly China. General Barry Broe, the state’s Coordinator, seemingly approved the project in the environmental impact statement (EIS), along with a few conditions which require MacMines to address the impacts on the local communities and the environment.

Broe mentioned that there are considerable benefits in the local, regional and state prospects which could be obtained from the China Stone Coal project. The impact on the environment due to the coal project could be acceptably managed, diminished or eliminated, by implementing proponent commitments and measures that are outlined in the EIS.

This project is predicted to generate about 3,900 jobs over the construction phase of five years, and about 3,391 jobs in the operations phase. During the first 25 years of operations, this coal project would contribute about $1.5 billion every year to the gross state product of Queensland, Broe added.

Further from the reports, the company would be building a rail loop and train-loading facilities, a tailings storage facility as well as a coal handling and preparation plant. It will also construct a coal-fired power station as a part of the project development.

The mining company plans on completing a railway through which Abbot Point coal terminal would purportedly be linked with the northern Galilee Basin. Completing the railway is considered to be crucial in the development of the coal project. The coal mine is expected to have a predicted lifespan of about 50 years. China-based Meijin Energy Group is the holding company of MacMines Austasia.