Subject to Commonwealth Government approval, Pembroke Resources will start construction in 2020, employing locals and ensuring minimum environmental impact.
The Olive Downs project may create up to 1000 jobs during construction, contributing an estimated $8 billion to the local economy. The mine is forecast to produce up to 15 Mtpa of metallurgical coal once it is operational.
Queensland Resources Council chief executive Ian Macfarlane said
“At a time when Queensland’s unemployment rate is increasing and it is among Australia’s highest, the approval of Olive Downs coal project is a commitment of confidence amid attacks and threats of increased tax on coal,” he said.
“The approval of projects like Olive Downs provides the opportunity for more jobs, more exports and more royalties for Queenslanders.”
Queensland Minister for state development, manufacturing, infrastructure and planning Cameron Dick said
“The project will produce up to 15 million tonnes of metallurgical coal per year for export via the Dalrymple Bay Coal Terminal near Mackay,”.
Olive Downs will use existing road, rail, power and water infrastructure and will operate alongside 25 existing Bowen Basin Mines.
Cameron Dick also said, “The proposed project 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 project will need to follow the Strong and Sustainable Resource Communities Act, requiring the company to employ from or encourage workers to live in the local towns of Moranbah, Nebo, Dysart and Middlemount. This will reduce the company’s need for fly-in, fly-out (FIFO) workers.
“There is plenty of accommodation available in these towns since the loss of local business and it will be great to see them get that community spirit back, with Olive Downs attracting families once again to the area,” said Mark Daniel Co-Founder of Hivishub