Media

Press Releases

Pembroke Resources - July 1 2021
Pembroke Resources secures NAIF
Funding for Olive Downs Project

Pembroke 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.
PDF Release
Government Media Release
NAIF Media Release

Pembroke Resources - September 29 2020
Jobs on the way with Mining Leases
granted for Olive Downs Coking Coal Project

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.

PDF Release
Government Media Release

Pembroke Resources - May 14 2020
Olive Downs Coking Coal Project
Receives Federal Environmental Approval

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.
PDF Release
Government Media Release – Hon Susan Ley MP
Government Media Release – Hon Keith Pitt MP

Pembroke Resources - October 2 2019
Olive Downs Coking Coal Project
Receives Environmental Approval

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 Release
Olive Downs Coking Coal Project Receives Approval

Pembroke 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 Release
Pembroke Resources - May 14 2019
$1 billion Olive Downs project approval to create hundreds of local jobs

Queensland’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 Release
Pembroke Resources - December 20 2018
Pembroke Resources Awards Processing Plant Contract for Olive Downs Coking Coal Project

Pembroke 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 Release
Pembroke Resources - September 6 2018
Olive Downs Coking Coal Project achieves
another major milestone

Pembroke 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 Release
Queensland Government - September 6 2018
Consultation opens on major mine proposal

Central 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 Release
Pembroke Resources - June 13 2018
Pembroke Resources and Barada Barna Aboriginal Corporation RNTBC sign Key Native Title Agreement
for the Olive Downs Coking Coal Project

Australian 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 Release
Pembroke Resources - April 7 2017
Queensland government announces first step
in the approvals process for Olive Downs
Complex coking coal mine

Pembroke 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 Release
Queensland Government - April 6 2017
Bowen Basin coal project progresses

Progress 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 Release
More information
Pembroke Resources - February 22 2017
Queensland government assigns Coordinated Project
status to Olive Downs Complex coking coal mine

Pembroke 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.

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More information
Pembroke Resources - May 9 2016
Pembroke Resources acquires metallurgical
coal assets in the Bowen Basin

Pembroke 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 Release
Denham Capital - May 7 2014
Denham Capital Backs Pembroke Resources

Australia-Based Company to Pursue Metallurgical Coal Opportunities.

PDF Release

News

The Courier Mail - July 1 2021
Mine scores $175m loan

Olive 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 Release
The Australian Mining Review - January 20 2021
Pembroke: Poised for production

The Queensland Government has given the green light to what will become one of the world’s largest steelmaking coal mines.

Online Release
Mining Monthly - September 29 2020
Olive Downs closer to kick-off

Mining 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 Release
Australian Financial Report - September 29 2020
Palaszczuk government approves new $1b coal mine

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.

Online Release
ABC News - September 29 2020
Queensland Government grants approval for state’s third-largest coal mine with 1,000 jobs promised

Queensland 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 Release
Mining Weekly - September 29 2020
Olive Downs coking coal mine gets final approvals

The Queensland government has granted a mining lease for the A$1-billion Olive Downs coal mine being developed by Pembroke Resources.

Online Release
Mining Monthly - May 15 2019
Pembroke’s Olive Downs gets green light

Pembroke Resources’ proposed $1 billion Olive Downs metallurgical coal mine in the Bowen Basin has been approved by Queensland coordinator-general.

Online Release
Australian Financial Review - May 14 2019
Barry Tudor wins Qld approval to rebuild a coal kingdom

After 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 Release
The Morning Bulletin - May 14 2019
Production at new Bowen Basin mine could begin by 2020
Online Release
Australian Financial Review - September 9 2018
The coal kings behind Queensland’s next giant mine

Barry 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 Release
Industry Queensland - September 6 2018
Pembroke’s $1b coal project takes another step ahead

The $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 Release
The Courier Mail - June 28 2018
Mine ‘Last of its Kind’ for a Long Time

Pembroke Resources has labelled its $1 billion Olive Downs coal mine in Queensland the last major project of its type for a generation.

Online Release
Financial Review - June 12 2018
Queensland joins the coking coal price upgrade party

The 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 Release
Financial Review - April 16 2018
Mining company Pembroke buys Queensland
cattle stations for $50m

Coal 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 Release
Daily Mercury - February 17 2017
960 jobs a step closer as Olive Downs secures new status

The $1billion Olive Downs mine near Moranbah is a step closer after receiving co-ordinated project status.

Online Release
The Morning Bulletin - February 9 2017
1000-job revival with new $120M CQ mine

A town gripped in the coal industry’s up-and-down cycle could have finally found its steadying force in a “world-class” mine.

Online Release
The Australian - February 8 2017
Pembroke unveils plans for $1bn coalmine at Olive Downs

Pembroke 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 Release
Australian Mining - February 8 2017
Pembroke Resources to build coal mine in Bowen Basin

Pembroke 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 Release
Financial Review - October 13 2016
Coal veteran Barry Tudor says
contract pricing here to stay

The 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 Release
Financial Review - October 11 2016
Coal price doubling in three months
could deliver $25b economic boost

The 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 Release
Reuters - September 6 2016
Australian firm taps coking coal
rebound for new mine in 2017

A 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 Release
Sydney Morning Herald - November 28 2014
Private Equity Circles Embattled Aussie Miners

Private 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 Release
Financial Review - May 7 2014
Denham puts $US200m into new Australian coal company

Undeterred 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 Release
Coal Age - May 7 2014
Denham Capital Backs Pembroke Resources

Officials 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 Release
Reuters - May 7 2014
Ex-Gloucester CEO lines up $200m
to buy Asia-Pacific coal assets

The 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.

Online Release