Name of the Project
Olive Downs coking coal project.

Location
In the Bowen basin, in Queensland, Australia.

Project Owner/s
Pembroke Resources.

Project Description
Olive Downs will be one of the biggest 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 support 700 jobs during construction and more than 500 new jobs for the region when fully operational.

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 Northern Australia Infrastructure Facility (NAIF) has approved a A$175-million loan to develop first stage of the Olive Downs mine, which includes rail, transmission lines, water pipelines, access roads and a coal handling preparation plant.

The mine is in the lowest quartile of emissions intensity for global steelmaking coal mines, and is surrounded by large conservation areas of more than 30 000 ha for perpetual offset to protect fauna and flora.

The Queensland Resources Council has welcomed the NAIF’s decision, with CEO Ian Macfarlane commending Pembroke’s commitment to building and operating a coal mine to the highest environmental standards, and providing local jobs and supply chain opportunities.

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.