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 government has granted a mining lease for the A$1-billion Olive Downs coal mine.

“This means that construction activities can now start, and the company can start hiring the 500 people needed to build the mine,” Premier Annastacia Palaszczuk said.

The granting of the mining lease follows approvals from the Department of Agriculture, Water and the Environment in early 2020, and the grant of an Environmental Authority by the Queensland government in 2019.

Pembroke CEO and chairperson Barry Tudor has said that the company is pleased to have been granted the mining lease, having consulted extensively with the local community over the past four years.

The Queensland Resources Council has described the decision to grant the mining lease for the Olive Downs coking coal project as a “critical jobs booster” for the state’s Covid-19 recovery.

Key Contracts, Suppliers and Consultants
Sedgman and CPB Contractors (design, procurement, construction and commissioning of the coal handling and preparation plant).

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