APPROVED: Map of proposed Olive Downs Coking Coal Project.
APPROVED: Map of proposed Olive Downs Coking Coal Project.

Adani congratulate Pembroke Resources on new mine approval

PEMBROKE Resources has been warned not to "start popping the champagne corks yet”.

Queensland's independent Coordinator-General approved the environmental impact statement for the Olive Downs metallurgical coal mine project, 40km southeast of Moranbah in the Bowen Basin, with strict conditions to ensure local employment and manage potential impacts on the environment.

It's said the project will create up to 500 jobs during construction and up to 1000 operational jobs, as well as generate more than $5billion in royalties for the Queensland Government during the mine's 79-year life span.

Adani has come out and congratulated Pembroke Resources on the EIS approval, but a spokesperson said they weren't sure what the State Government was celebrating.

"Under its approvals regime, the jobs and investment from this new mine are unlikely to materialise any time soon,” an Adani spokesperson said.

"Our advice to the Olive Downs team is 'don't get too excited and don't start popping the champagne corks yet, there is a long and twisting road of secondary approvals ahead'.

"Our Carmichael project achieved a similar sign-off in 2014.

"We genuinely hope for Pembroke and regional communities that Olive Downs does not experience the delays, obstruction and system interference our Carmichael mine has incurred.”

Pembroke Resources declined to comment.