<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1443483489296703&amp;ev=PageView&amp;noscript=1">

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.

Watch this space for updates on this project by subscribing to the PlantMiner blog today.

subscribe to plantminer's construction industry blog newsletter

Source: Australian Mining and The Australian Business Review

Monica Gameng

Monica Gameng

Monica is a Marketing Assistant who handles blog content creation. She has a background in IT and has passion for research and writing.