Pembroke Olive Downs Pty Ltd (“Pembroke”) has successfully raised USD550 million of senior secured bonds (“the Bond”) in the Nordic Corporate Bond Market. Settlement of the five-year bond transaction issued at 11.5%, which attracted significant interest from credit investors globally, is expected to occur in March 2025.
PDF ReleaseA $1 million fund to enhance social and community life in the Isaac region has been unveiled at today’s
(20 April) inaugural Pembroke Resources Community Expo in Moranbah.
Pembroke Resources (“Pembroke”) has today officially celebrated the opening of the Olive Downs Complex which is already delivering jobs, economic prosperity and opportunity to Central Queensland communities and the entire state.
PDF ReleasePembroke Resources has marked another major milestone towards the commencement of production with the beginning of mining at the Olive Downs Complex (Olive Downs) in Central Queensland today, which, when in full scale production, will be one of Australia’s largest producers of steelmaking coal.
PDF ReleaseThe Olive Downs steelmaking coal mine moved one step closer to production with the delivery of a critical piece of infrastructure, the Sheldon Bridge. The bridge was opened today by the Mayor of the Isaac Regional Council Anne Baker and Pembroke Resources’ (“Pembroke”) Chairman and CEO Barry Tudor.
PDF ReleasePembroke Resources, in partnership with our key contractors, is pleased to announce the commencement of the recruitment process for the Olive Downs Complex operational phase.
PDF ReleasePembroke Resources (“Pembroke”) is pleased to advise the first sod has been turned on the Olive Downs steel-making coal project in Central Queensland, heralding the start of a major jobs and wealth generator for the region, state and nation.
PDF ReleasePembroke Resources (Pembroke) is pleased to advise that it has entered into binding documentation for financing totalling approximately A$500 million for its Olive Downs Steelmaking Coal Project (Olive Downs, the Project).
PDF ReleasePembroke Resources (Pembroke) welcomes the investment decision by the Board of the Northern Australia Infrastructure Facility (NAIF) to provide a loan facility of up to $175 million with a tenor of 10 years to finance the development of the Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin in Queensland.
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Government Media Release
NAIF Media Release
The Queensland Government has approved Mining Leases for the Olive Downs Coking Coal Project (“Olive Downs”) in Central Queensland, paving the way for new jobs and business opportunities in Central Queensland.
Pembroke Resources (“Pembroke”) has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (“EPBC”) Act for its Olive Downs Coking Coal Project (“Olive Downs”) in Central Queensland.
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Government Media Release – Hon Susan Ley MP
Government Media Release – Hon Keith Pitt MP
Pembroke Resources (Pembroke) is pleased to advise that it has received the Environmental Authority (EA) for its Olive Downs Coking Coal Project (Olive Downs) in Central Queensland.
PDF ReleasePembroke Resources (“Pembroke”) is pleased to advise that the company’s Olive Downs Coking Coal Project (“Olive Downs”) has been approved by Queensland’s Coordinator General and is expected to begin producing coal for steelmaking as early as next year.
PDF ReleaseQueensland’s independent Coordinator-General has approved the proposed $1 billion Olive Downs metallurgical coal mine, 40 kilometres south-east of Moranbah in the Bowen Basin, with strict conditions to ensure local employment and manage potential impacts on the environment.
PDF ReleasePembroke Resources is pleased to advise that it has awarded to CIMIC Group companies Sedgman and CPB Contractors, the Engineering Procurement and Construction Contract (“EPC Contract”) for the design, procurement, construction and commissioning of the Coal Handling and Preparation Plant (“CHPP”) for the Olive Downs Coking Coal Project, near Moranbah, Queensland.
PDF ReleasePembroke Resources (“Pembroke”) is pleased to advise that the draft Environmental Impact Statement (EIS) for the company’s Olive Downs Coking Coal Project (“Olive Downs”) near Moranbah, Queensland has been released for public comment.
PDF ReleaseCentral Queensland residents are invited to have their say on Queensland’s latest coal mine proposal – the $1 billion Olive Downs mine near Moranbah – with the release of the draft Environmental Impact Statement (EIS) for public comment.
Online ReleaseAustralian coal group Pembroke Resources and the Barada Barna Aboriginal Corporation RNTBC (“Barada Barna”) are pleased to advise that they have executed an Indigenous Land Use Agreement (“ILUA”) over the land on which the Olive Downs Coking Coal Project will be developed.
PDF ReleasePembroke Resources is pleased to advise that the draft terms of reference for the environmental impact assessment for the company’s Olive Downs Complex coking coal mine near Moranbah, Queensland have been issued.
PDF ReleaseProgress continues on the $1 billion Olive Downs mine proposal near Moranbah, as the Bowen Basin’s existing coal mines await the return of rail transport post-Tropical Cyclone Debbie.
PDF ReleasePembroke Resources is pleased to advise that its Olive Downs Complex coking coal mine near Moranbah, Queensland has been given Coordinated Project status by the Queensland government.
PDF ReleasePembroke Resources, an Australian-based company backed by leading resources and energy-focused global private equity firm Denham Capital, announced today that it has acquired from various Australian subsidiaries of Peabody Energy Inc and CITIC Resources Holdings Limited their interests in metallurgical coal tenements that collectively encompass the Olive Downs Complex in Queensland’s Bowen Basin.
PDF ReleaseAustralia-Based Company to Pursue Metallurgical Coal Opportunities.
PDF ReleasePembroke Resources has officially opened its $1bn Olive Downs Complex coking coal mine in the Bowen Basin. Located 75 minutes’ drive south of Moranbah, the mine began production in mid-2023 and shipped its first coal to international customers in January this year.
Barry Tudor, CEO of Pembroke Resources, chats to Ben about the opening of Olive Downs Mine
Online ReleaseBarry Tudor, the CEO of Pembroke Resources, joined Peter Gleeson on 4BC Drive to celebrate the opening of the Olive Downs Complex coal mine in the Bowen Basin in Queensland.
The man behind the opening of Australia’s newest coalmine in Queensland’s Bowen Basin is convinced he is the last of his kind.
Online ReleasePembroke Resources, Australia, explores whether the Olive Downs Complex will be the last of the large-scale greenfield steelmaking mines.
Online ReleaseA massive new steelmaking mine could deliver billions to Qld’s economy over its estimated 80-year lifespan with the construction of a new bridge taking it one step closer to fruition.
Online ReleaseA $10 million bridge has been officially opened connecting Pembroke Olive Downs mine to the Bowen Basin community. The company’s CEO says it’s a major step forward for the fully autonomous site, which is expected to start operations later this year.
Big miners like BHP will not build new coking coal mines while Queensland enforces super-sized royalties, and the likes of Glencore cannot get Canadian regulators to approve new mines, which makes Pembroke Resources boss Barry Tudor an outlier.
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Pembroke Resources has announced that the first sod has been turned on the Olive Downs steel-making coal project in Central Queensland, heralding the start of a major jobs and wealth generator for the region, state and nation.
Online ReleasePrivate equity-backed Pembroke Resources has broken ground on the construction of its Olive Downs coking coal mine in Queensland’s Bowen Basin, as global coal markets face the threat of fresh disruptions on the back of European threats to ban the import of Russian coal
Online ReleaseA new $1 billion Queensland mine is forecast to begin in 2023, contribute $10 billion to the economy and employ 1700 workers, but its boss has ruled out one key factor that has been a major attribute of most Australian mines for years.
Online ReleaseTHE first sod has been turned on Pembroke Resources’ Olive Downs metallurgical coal project in Central Queensland
Online ReleaseOlive Downs gets its infrastructure nod from outgoing Minister Pitt A MAJOR coal mine set to create hundreds of critical jobs in Queensland’s mining heartland has had its bid for a government-funded loan approved.
Online ReleaseThe Queensland Government has given the green light to what will become one of the world’s largest steelmaking coal mines.
Online ReleaseMining leases for Pembroke Resources’ $1 billion Olive Downs coking coal project in Central Queensland have been granted, clearing the way for construction to start.
Online ReleaseThe Queensland Government has approved Mining Leases for the Olive Downs Coking Coal Project (“Olive Downs”) in Central Queensland, paving the way for new jobs and business opportunities in Central Queensland.
Online ReleaseQueensland Premier Annastacia Palaszczuk has moved to boost her mining credentials ahead of next month’s state election by giving the green light to a new $1 billion coal mine in Central Queensland.
Online ReleaseThe Queensland government has granted a mining lease for the A$1-billion Olive Downs coal mine being developed by Pembroke Resources.
Online ReleasePembroke Resources’ proposed $1 billion Olive Downs metallurgical coal mine in the Bowen Basin has been approved by Queensland coordinator-general.
Online ReleaseAfter a successful career in publicly listed coal Barry Tudor now leads a private equity-backed miner called Pembroke Resources that is on track to do the apparently impossible. Tudor is going to build a new coal mine in Australia.
Online ReleaseBarry Tudor is enjoying life inside private equity. Having run the gauntlet of public listed life at Gloucester Coal and the Noble Group before that, Tudor’s third strike for coal mining glory is being conducted through an unlisted vehicle called Pembroke Resources.
Online ReleaseThe $1 billion Olive Downs Coking Coal Project near Moranbah has taken another step towards development with the release of the draft Environmental Impact Statement (EIS).
Online ReleasePembroke Resources has labelled its $1 billion Olive Downs coal mine in Queensland the last major project of its type for a generation.
Online ReleaseThe corporate sector’s recent optimism towards coking coal prices found further support on Tuesday when the world’s biggest exporter of the commodity raised its medium-term price forecasts by 13 per cent.
Online ReleaseCoal miner Pembroke Resources has beaten local and offshore agricultural investors to acquire the well-known Iffley, Deveril and Twenty Mile cattle stations near Moranbah in central Queensland for around $50 million.
Online ReleaseThe $1billion Olive Downs mine near Moranbah is a step closer after receiving co-ordinated project status.
Online ReleaseA town gripped in the coal industry’s up-and-down cycle could have finally found its steadying force in a “world-class” mine.
Online ReleasePembroke Resources, the private equity-backed miner that bought the Olive Downs coking coal deposit from bankrupt Peabody Energy, says it plans to spend up to $1 billion to build one of the country’s biggest coalmines, potentially employing 1000 people.
Online ReleasePembroke Resources is planning to build a coal mine at Olive Downs in Queensland’s Bowen Basin, after purchasing some of its projects from the bankrupt Peabody Energy.
Online ReleaseThe traditional method for setting coking coal prices is allegedly in terminal decline, but Barry Tudor won’t be placing his business’ future in the hands of the spot market.
Online ReleaseThe mining industry has reached an agreement with Japanese steel makers that prices for most Australian coking coal will jump 117 per cent in just three months, an increase that means that the benefit of rising prices could be felt across the economy.
Online ReleaseA private equity-backed firm expects to dig a new coal mine in Australia’s prized Bowen Basin in 2017, tapping into a recovery in prices for coal used to make steel at a time when the world’s biggest suppliers have stopped building mines.
Online ReleasePrivate funds are trawling for bargains in Australia in the aftermath of a global mining boom, looking to strip the fat at companies and projects they believe hold promise but which are struggling under the weight of sagging commodity prices.
Online ReleaseUndeterred by weak coal markets, former Gloucester Coal boss Barry Tudor has re-emerged as a builder of a coal business in Australia, backed by $US200 million from US-based private equity firm Denham Capital.
Online ReleaseOfficials at Denham Capital, a leading international resources and energy-focused private equity firm, have announced $200 million in backing for Pembroke Resources; the newly formed Australian miner seeks to develop met coal assets across the Asia-Pacific.
Online ReleaseThe former boss of Australia’s Gloucester Coal has lined up $200 million from a private equity firm to buy metallurgical coal projects in Australia, New Zealand and Indonesia, taking advantage of weak valuations in the sector.
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