New construction photos show Pembroke Resources Olive Downs coal mine close to completion
With more than 500,000 construction hours logged and $500m already spent, the new $1bn Olive Downs coal mine in Central Queensland is almost open for business. PHOTOS
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The massive $1bn Olive Downs coal mine in Central Queensland is moving closer to production with new photos revealing the delivery of huge machines and the construction of preparation facilities.
As of May 2023, Pembroke Resources estimates it has spent more than $500m on the complex, which will produce up to 15m tonnes a year of metallurgical coal, or coal used in the steelmaking process, over an 80-year lifespan.
The company has also logged more than 500,000 construction hours.
Pembroke CEO Barry Tudor expects the greenfield open-cut mine to begin production in June and deliver its first shipment of coal in early 2024.
“The Olive Downs Complex is delivering new, incremental production of high-quality steelmaking coal to supply-constrained world markets,” he said.
In February, the company celebrated the construction of the new Sheldon Bridge over the Isaac River, linking the complex near Moranbah to the public road network.
The mine holds reserves of more than 500m tonnes, making it one of the largest steelmaking coal reserves in the state.
The $1bn construction phase has created about 500 jobs and the company says the mine will support 1000 jobs at full production.
The company will rail coal to the Dalrymple Bay terminal near Mackay and then export it to Asian markets, including Japan, South Korea and India.
The Northern Australian Infrastructure Facility backed the Pembroke development with a $175m loan.
The company calculates the mine will deliver more than $10bn to Queensland’s economy over its lifespan.
Originally published as New construction photos show Pembroke Resources Olive Downs coal mine close to completion
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