Pembroke Resources' Olive Downs coal mine gets $157m NAIF loan
Glenn Hunt Even though the project is for metallurgical coal â used for steel making rather than thermal coal which is burned in power stations â the taxpayer funding is expected to outrage clean energy advocates who say all coal projects should be phased out in Australia. Mr Pitt said the $900 million project in the Bowen Basin will support up to 700 jobs during construction and more than 500 new jobs for the region when fully operational. âNAIF has approved a loan of $175 million to support the mineâs first stage of development which includes rail, and transmission line...
Source: afr.com