Pembroke Resources
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| Industry | Coal Mining |
|---|---|
| Founded | 2014 |
| Founder | Barry Tudor |
| Website | www |
Pembroke Resources is an Australian coal mining company.
History
[edit]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[3] and CITIC Resources for A$120 million[4][5] in what will become one of Australia’s largest metallurgical coal mines.[6] Pembroke Resources unveiled plans to invest $1 billion in mine.[7][8][9]
In April 2018 Pembroke Resources acquired 41,500 hectares of land from Peabody Energy for around $50 million.[10][11]
In May, 2019 Pembroke Resources received approval from Queensland’s Coordinator-General.[12]
In September 2020 Pembroke Resources was awarded approval for the state’s third-largest coal mine.[13]
In April 2024 Pembroke Resources opens Olive Downs Complex for steelmaking coal.[14]
References
[edit]- ^ "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.
- ^ "Peabody sells undeveloped metallurgical assets to Pembroke Resources". World Coal. 2016-05-10. Retrieved 2024-09-10.
- ^ "Bankers on the scene at PE-owned Queensland coal mine Olive Downs". Australian Financial Review. 2024-04-01. Retrieved 2024-06-05.
- ^ "Pembroke Resources breaks ground at Olive Downs". World Coal. 2022-04-08. Retrieved 2024-09-10.
- ^ "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.
- ^ "Pembroke Resources seeks funds for Qld coal project; UBS hired". Australian Financial Review. 2018-09-30. Retrieved 2024-09-10.
- ^ "Mining company Pembroke buys Queensland cattle stations for $50m". Australian Financial Review. 2018-04-15. Retrieved 2024-07-01.
- ^ "Coal Mining Giant Pembroke Buys Queensland Cattle Stations for $50m". www.theurbandeveloper.com. 2018-04-16. Retrieved 2024-09-10.
- ^ "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.