Pembroke granted environmental approval for $1bn coal project
October 6th, 2019
Pembroke Resources has received environmental authority (EA) for its Olive Downs coking coal project in Central Queensland.
The EA, granted by the Department of Environment and Science, authorises activities for Olive Downs’ 79-year mine life and provides the conditions, including environmental obligations, for the operation of the mine.
Pembroke chief executive officer Barry Tudor said the company “now looks forward to receiving federal government approval under the Environment Protection and Biodiversity Conservation Act and, to the grant of its mining leases so that construction and jobs can commence”.
“The grant of the EA represents the most important milestone for the project so far and provides a clear pathway towards commencement of construction and first coal,” Tudor said.
Olive Downs, which is 100 per cent owned by Pembroke, is set to benefit from being located in the Bowen Basin with access to infrastructure, while also delivering strong environmental outcomes, according to Tudor.
“Pembroke has delivered an outstanding standard of assessment and will deliver exceptional rehabilitation outcomes in the development of Olive Downs. In addition, we have acquired a significant area of land to dedicate to environmental outcomes,” he said.
“These areas will provide for the protection of native flora and fauna habitat in perpetuity, with the environmental area increasing over the life of the mine to become significantly more area than we started with.”
The mine is expected to deliver significant economic benefits to Queensland with the creation of up to 500 jobs during construction and up to 1000 new jobs when the project reaches name plate production capacity. Read more…