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

Monica Gameng   |   February 7, 2017

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
As Felix'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 1,000 posts. She truly is an industry expert.
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