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Olive Downs coal project, Australia

17th March 2017

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Olive Downs coal project.

Location
The project is located about 40 km south-east of Moranbah, in Queensland, Australia.

Client
Pembroke Resources.

Project Description
The project comprises the Olive Downs South and Wilguna domains and associated linear infrastructures corridors, and involves the construction of a opencut metallurgical coal mine with a yield of up to 14-million tonnes a year of coking coal for steel production.

The mine will include a coal handling and preparation plant, an 18 km rail spur, a raw water pipeline connecting to the Eungella pipeline network, a private access road and an electricity transmission line.

Fully developed, the complex will be one of the largest coking coal mines in the world.

Jobs to be Created
The project is expected to create 500 to 700 construction jobs and 960 operational jobs.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project will involve a $1-billion investment.

Duration
Production could start as early as 2020.

Latest Developments
The Queensland government has awarded the Olive Downs mine coordinated project status, enabling the independent Coordinator-General to efficiently coordinate the environmental assessment process for the coal mine across state and federal agencies. The coordinated project status marks the beginning of a process that will include a comprehensive environmental-impact assessment.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
None stated.

Contact Details for Project Information
Pembroke Resources, tel +61 2 9231 1400, fax +61 2 9221 2919 or email info@pembrokeresources.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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