China-based coke producer Meijin Energy (Meijin) has unveiled plans to build a A$3bn ($3.2bn).thermal coal mine in Queensland, Australia.
Meijin reported its first coal resource of 3.7 billion tonnes of thermal coal, following drilling coal tenements in Galilee Basin.
The company plans to build a mining operation that would export between 30 million and 60 million tonnes of coal per year from 2014 or 2015.
Meijin said it will take into account the railway and port expansions needed to build the thermal coal mine, reports Reuters.