Name of the Project
Olive Downs coking coal project.

Location
The project is located in the Bowen basin, in Queensland, Australia.

Project Owner/s
Pembroke Resources.

Project Description
Olive Downs will be one of the largest opencut coking coal mines in the world.

The project proposes the development of a greenfield opencut coal resource in an existing brownfield mining precinct for the export of coking and pulverised coal injection products to the steel production industry. Fully developed, the complex will be one of the biggest metallurgical coal mines in the world.

The project comprises the Olive Downs South and Willunga deposits.

The proposed Olive Downs South domain opencut pit areas are generally aligned from north to south and are located on the western side of the Isaac river.

Phase 1 will produce 4.5-million tonnes a year of steelmaking coal, which will be exported through the Darymple Bay coal terminal.

At full production, the mine could produce up to 15-million tonnes a year of metallurgical coal, with a mine life of nearly 80 years.

Potential Job Creation
The project will create 1 000 operational jobs and a further 500 during construction.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project is estimated at A$1-billion.

The Stage 1 project is expected to require a capital spend of A$450-million.

Planned Start/End Date
Construction on Olive Downs South domain is expected to start in 2019 and on the Willunga domain in 2027.

Latest Developments
The Queensland Department of Environment and Science has given environmental approval for the proposed Olive Downs coal mine.

The state government approved the project in May this year.

The environmental approval represents the most important milestone for the project so far, and provides a clear pathway towards the start of construction, and first coal.

The Queensland Resources Council (QRC) has welcomed the ongoing progress on the development of the Olive Downs coking coal mine, with CEO Ian Macfarlane having said that a clear timetable and set of milestones for development are important for all resources projects, given the size of each investment and the time needed for planning.

Key Contracts and Suppliers
Sedgman and CPB Contractors (design, procurement, construction and commissioning of the CHPP).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Pembroke Resources, tel +61 2 9231 1400 or email info@pembrokeresources.com.au.