Until recently the Galilee basin coal was unknown to consumers and its quality untested.
FORBES: India's Big Bet On Australian Coal
The China First Project is a thermal coal mine in the undeveloped Galilee Basin coal region in Queensland.
FORBES: Australian Miner Opts For Chinese Funding Over IPO
It said it will take a 79% stake in the Alpha and Alpha West coal mines in the Galilee Basin in Queensland, Australia.
BBC: Chromite mines in Orissa, India
The development is part of ambitious plans to further cement Australia's position as the world's largest coal exporter against a backdrop of booming global demand, by opening up deposits in the Galilee Basin in Queensland state.
WSJ: GVK: Bidders Line up for Giant Australian Coal Mine
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