Pembroke Resources
| ISIN | 🆔 |
|---|---|
| Industry | Coal Mining |
| Founded 📆 | 2014 |
| Founder 👔 | Barry Tudor |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Pembroke Resources is an Australian coal mining company.
History
Pembroke Resources was established in April 2014 by mining industry veteran Barry Tudor and ex-CEO of ASX listed Gloucester Coal Ltd.[1]
In May 2014 Denham Capital invested US$200 million into Pembroke Resources.[2]
In April 2016 the Company acquired the Olive Downs Project from Peabody Energy and CITIC Resources for A$120 million[3] in what will become one of Australia’s largest metallurgical coal mines.[4] Pembroke Resources unveiled plans to invest $1 billion in the mine while employing up to 1,000 people.[5][6]
In April 2018 Pembroke Resources acquired 41,500 hectares of land from Peabody Energy for around $50 million.[7]
In May 2019 Pembroke Resources received approval from Queensland’s Coordinator-General.[8]
In September 2020 Pembroke Resources was awarded approval for the state’s third-largest coal mine with 1,000 jobs promised.[9]
In April 2024 Pembroke Resources opened Olive Downs Complex for steelmaking coal.[10]
References
- ↑ "The coal kings behind Queensland's next giant mine". Australian Financial Review. 2018-09-09. Retrieved 2024-06-05.
- ↑ "Denham Capital Backs Pembroke Resources". Denham Capital. Retrieved 2024-06-05.
- ↑ "Bankers on the scene at PE-owned Queensland coal mine Olive Downs". Australian Financial Review. 2024-04-01. Retrieved 2024-06-05.
- ↑ "Australian firm taps coking coal rebound for new mine in 2017". Reuters.
- ↑ Dorrell, Ashleigh (2024-04-23). "$1b Olive Downs coal mine officially opens". The Australian Mining Review. Retrieved 2024-06-05.
- ↑ Creagh, Ben (2017-02-08). "Pembroke Resources to build coal mine in Bowen Basin". Australian Mining. Retrieved 2024-06-30.
- ↑ "Mining company Pembroke buys Queensland cattle stations for $50m". Australian Financial Review. 2018-04-15. Retrieved 2024-07-01.
- ↑ "Olive Downs mine may impact koala habitat the size of Sydney Harbour". ABC News. 2019-05-15. Retrieved 2024-07-01.
- ↑ "Queensland Government approves state's third-largest coal mine". ABC News. 2020-09-29. Retrieved 2024-08-07.
- ↑ Tibben, Kelsie (2024-04-22). "Olive Downs officially opens". Australian Mining. Retrieved 2024-08-07.
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