22°08′20″S 148°23′10″E / 22.139°S 148.386°E
The Olive Downs Complex is an open-cut mine for metallurgical coal in the Bowen Basin of Queensland, Australia. It is located 40 kilometres south-east of Moranbah, about 140 km south-west of Mackay. The mine is accessed via the Sheldon Bridge over the Isaac River.[1] The mine has a production life of 80 years and is expected to deliver steelmaking coal to Japan, South Korea, India,[2] and China.[3]
Olive Downs is owned by Pembroke Resources. It was acquired in April 2016 from Peabody Energy by Barry Tudor, founder of Pembroke Resources for $100 million.[4]
Once operational it will be the third largest coal mine in Queensland, producing up to 15 million tonnes a year.[1] It has reserves of 514 million tonnes.[5]
In September 2020 the Queensland Government granted formal approval.[3]
Construction of the mine had begun by April 2022.[6][7] Productions commenced in June 2023. Construction consisted of:
- A 19km electrified rail loop
- 24 km water pipeline
- Advanced 2 stage coal processing plant
- Multiple road and rail bridges
- 44km 66Kv electricity line and dedicated communications tower
The mine was officially opened in April 2024 with an official party consisting of Resources and Critical Minerals Minister Scott Stewart, Capricornia MP Michelle Landry, Senator Matthew Canavan, Resources opposition spokeswoman Susan McDonald and opposition Natural Resources and Mines spokesman Dale Last.[8][9]
See also
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References
edit- ^ a b Blucher, Alexandra; Stewart, John (10 March 2021). "Pembroke's Olive Downs coal mine approved despite department's concerns about waterways". ABC News. Australian Broadcasting Corporation. Retrieved 21 June 2023.
- ^ "Olive Downs Coking Coal Complex". Pembroke Resources. Retrieved 27 April 2024.
- ^ a b Zillman, Stephanie (29 September 2020). "Queensland Government grants approval for state's third-largest coal mine with 1,000 jobs promised". ABC News. Australian Broadcasting Corporation. Retrieved 21 June 2023.
- ^ "Bankers on the scene at PE-owned Queensland coal mine Olive Downs". Australian Financial Review. 1 April 2024. Retrieved 1 July 2024.
- ^ Loftus, Tobi (1 July 2021). "Federal Government to loan Olive Downs coal mine project near Moranbah $175m". ABC News. Australian Broadcasting Corporation. Retrieved 21 June 2023.
- ^ "Ground broken on job-generating Olive Downs project" (PDF). www.pembrokeresources.com.au. 8 April 2022. Retrieved 21 June 2023.
- ^ Kelise Tibben (22 April 2024). "Olive Downs officially opens". Australian Mining. Retrieved 27 April 2024.
- ^ "Steelmaking coal mine opening drives Central Queensland jobs boost". Ministerial Media Statements. Retrieved 1 July 2024.
- ^ Tibben, Kelsie (22 April 2024). "Olive Downs officially opens". Australian Mining. Retrieved 1 July 2024.