Improved earnings for Olive Downs coal complex - Industry Queensland

Improved earnings for Olive Downs coal complex - Industry Queensland

Pembroke Resources has reported record quarterly run-of-mine production of almost 1.5 million tonnes at its Olive Downs coal complex and EBITDA of almost $50 million ($US34 million). That figure for the quarter ended September 30 this year compared to EBITDA of about $14.5 million ($US10 million) in the previous quarter and $42 million ($US29 million) in the negative at the same time last year. The Olive Downs complex, north of Dysart, was offic…