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The company is investigating the possibility of establish a massive thermal coalmine on coal leases it acquired in 2007, 230km southwest of Charters Towers in Queensland. In early June the company's Australian subsidiary, Macmines AustAsia, released its first resource estimates revealing a deposit containing 3.7 billion tonnes of thermal coal. It was reported that a company official said Meijin was investigating a possible 30 - 60 million tonnes a year of coal for export from 2014 or 2015. The project has been dubbed the China Stone project.