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Pembroke Resources Olive Downs Coking Coal Mine in Bowen Basin Approved

Coal News - Published on Wed, 20 May 2020

Image Source: Olive Downs Coking Coal Mine
Pembroke Resources proposed AUD 1 billion Olive Downs metallurgical coal mine in the Bowen Basin has been approved by Queensland coordinator-general.The mine is expected to begin producing coking coal as early as next year with a projected mine life of 79 years. Pembroke Resources chairman and CEO Barry Tudor said Olive Downs would be a major supplier to the world's leading steel producers. He said "We now need to receive a mining lease before we can start construction, but we anticipate starting mining in 2020 and shipping first coal soon after. Today's approval is not only a sign of confidence in this project but also an acknowledgement of Pembroke's adherence to the highest of standards throughout the approvals process."

The proposed project includes coal handling and crushing facilities at the mine's Olive Downs South and Willunga precincts, a rail link to transport coal to the Dalrymple Bay Coal Terminal and a water pipeline and power transmission line. ost recently the company awarded an AUD 184 million contract for the design and construction of a coal handling and preparation plant at Olive Downs, scheduled for commissioning in 2020. The first stage of the project will require capital expenditure of AUD 450 million and will produce 4.5 million tonnes per annum of steelmaking coal, which will be exported through the Dalrymple Bay Coal Terminal.

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Posted By : Yogender Pancholi on Wed, 20 May 2020
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