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Pembroke Resources reveals plan of $1bn coal mine project in QLD


olive-downs-pembroke-resources.jpg (src:smh.com.au)
Posted by Monica Gameng

After acquiring Peabody Energy’s Olive Downs coking coal deposit on May 2016, Pembroke Resources is now planning to invest approximately $1 billion to build one of Australia’s largest coal mine in Queensland’s Bowen Basin.

Pembroke’s Barry Tudor – former Managing Director of Gloucester Coal – has begun with the mining approvals process.

“We know it’s a world-class asset and we are advancing it as quickly as we can,” Mr Tudor said.

According to Mr Tudor, Pembroke is planning to increase the mine’s production of low-cost coking coal to 14 million tonnes annually.

The project – expected to commence works in 2019 – will include the construction of a processing plant as well as rail infrastructure which will be used to transport coal for export to Mackay. The project will also be supporting around 1,000 jobs.

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Source: Australian Mining and The Australian Business Review

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.