A$1bn Olive Downs coking coal mine cleared for development

A$1bn Olive Downs coking coal mine cleared for development

Learn from website that The Queensland government has approved the proposed A$1-billion Olive Downs metallurgical coal mine being developed by Pembroke Resources.

The Stage 1 project is expected to require a capital spend of A$450-million and will produce 4.5-million tonnes a year of steelmaking coal, which will be exported through the Dalrymple Bay Coal Terminal.

At full production, this mine could produce up to 15-million tonnes a year of metallurgical coal, with a mine life of nearly 80 years.

Premier Annastacia Palaszczuk on Tuesday said that the mine would create 1 000 operational jobs and 500 jobs during construction.

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