- Write by:
-
Friday, September 7, 2018 - 10:11:27 PM
-
1070 Visit
-
Print
Mining News Pro - Pembroke has achieved a major step toward developing its $1 billion Olive Downs coking coal project in the Bowen Basin in Queensland with the release of its environmental impact statement (EIS) for public comment.
According to Mining News Pro -Pembroke has achieved a major step toward developing its $1 billion Olive Downs coking coal project in the Bowen Basin in Queensland with the release of its environmental impact statement (EIS) for public comment.
The project is significantly backed by global energy and resources private equity firm Denham Capital, and was purchased from then-bankrupt Peabody Energy in 2016.
Once fully developed, the Olive Downs project will be one of the world’s largest coking coal mines for nearly 80 years.
Cameron Dick, Minister for State Development, Manufacturing, Infrastructure and Planning, said, “When the open cut mine is up and running, it could maintain an average of 1000 operational jobs and produce up to 15 million tonnes of coal per year.
“Importantly, Pembroke Resources will encourage workers to live in local towns like Moranbah, Nebo, Dysart and Middlemount and provide the necessary accommodation for them there.”
The project proposal includes coal handling and crushing facilities at the mine’s Olive Downs South and Willunga precincts; a rail link to transport coal to the Dalrymple Bay Coal Terminal; and a water pipeline and power transmission line.
The Olive Downs project boasts JORC resources of 813Mt, including 514Mt reserves. Production is expected to commence in 2020 and will feed the demand of Asia’s steel industries.
Queensland Resources Council chief executive Ian Macfarlane said, “It’s high-quality coal, close to ports and is produced at a lower cost to other markets including the US.”
Pembroke has had extensive consultation with the community and stakeholders in the areas of jobs and training. Last year, the company signed on an indigenous land use agreement (ILUA) with the Barada Barna traditional owners.
Pembroke Resources chairman Barry Tudor said, “Olive Downs will be a major contributor to the state’s economy, and from the outset we have made it clear to all parties that we intend to encourage workers at the project and the mine to be part of the local community around Moranbah.”
The company owns the Iffley, Deverill and Twenty Mile properties, covering over 41,000ha, which will enable joint development for environmental offset through mining and agricultural endeavours.
The draft EIS is available online and in local libraries until October 10.
Short Link:
https://www.miningnews.ir/En/News/255721
Sibanye-Stillwater’s Queensland operations are back up and running following a period of severe weather in the first ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Manganese developer Element 25 (E25) will accelerate activities for the planned expansion of its Butcherbird manganese ...
A dual-fuelled ammonia-powered vessel from Fortescue has won the Hydrogen Transport award at the World Hydrogen 2024 ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream ...
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
No comments have been posted yet ...