Pembroke Resources

What Pembroke Resources does

Pembroke Resources is an Australian privately-held mining company focused on the acquisition, development, and operation of high-quality metallurgical coal assets. Its sole operating asset is the Olive Downs Mine, a $1 billion open-cut coking coal project in Queensland's Bowen Basin (approximately 40 km southeast of Moranbah) that began commercial operations in April 2024 under the operating name Pembroke Olive Downs. The mine is licensed to produce up to 20 Mtpa of metallurgical coal, holds 527.2 Mt of Open Cut JORC Reserves (835.6 Mt total JORC Resources), and carries a 79-year mine life, with underground target resource potential exceeding 2 billion tonnes providing longer-dated optionality. The mine ships high-quality coking coal and PCI (Pulverised Coal Injection) products to steelmakers in Japan, South Korea, and India via Aurizon rail haulage and Dalrymple Bay Infrastructure port capacity.

The mine is differentiated as the first Australian operation to deploy both fully autonomous CAT 794 haul trucks and integrated autonomous drilling systems on a single site, supporting productivity and safety. Pembroke makes money through commodity sales of coking coal and PCI to global steelmakers at prevailing benchmark prices; commercial activity is managed by a dedicated General Manager of Marketing and Logistics with support from a tier-one mining services contractor (Thiess), CHPP operator (Sedgman), and rail/port partners. The company is backed by private equity sponsor Denham Capital, which co-acquired the asset in 2016 and has invested approximately US$500 million in total; in 2025 Pembroke raised US$550 million via a Nordic Bond to fund Stage 2 expansion toward the full 20 Mtpa licensed capacity. As of October 1, 2025, founder Barry Tudor transitioned out of the CEO role, with Michael Rosengren appointed as CEO to lead the company through its producer phase, while Tudor retained a board seat.

Name

Pembroke Resources

Legal name

Pembroke Resources

Website

https://pembrokeresources.com.au

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Metallurgical Coal Mining

NAICS

Coal Mining (2121), Mining (except Oil and Gas) (212)

SIC

Bituminous Coal & Lignite Surface Mining (1221), Metal Mining (1000)

akta.pro primary industry

Metallurgical Coal Mining (Coking/PCI Coal) (IMAKAIAB)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Brownfield Expansions & Sustaining Capital Projects (Debottlenecking, Upgrades) (IMAKAOAJ)

Keywords

• Metallurgical coal mining
• Coking coal production
• Open-cut mining operations
• Steelmaking coal supply
• Coal export logistics

Headquarters

HQ city

Oregon

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. Metallurgical Coal Sales: Sale of high-quality coking coal and PCI (Pulverised Coal Injection) products to steelmakers in international markets including Japan, South Korea, and India. Revenue is generated through commodity sales at market prices.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Pembroke Resources produces and exports high-quality metallurgical (coking) coal and PCI (Pulverised Coal Injection) products from the Olive Downs Mine in Queensland's Bowen Basin. The mine is licensed for up to 20 million tonnes per annum and ships steelmaking coal to enterprise steel manufacturers in Japan, South Korea, and India via Aurizon rail haulage and Dalrymple Bay port infrastructure. Operations commenced in April 2024, with Stage 2 expansion underway under a recent US$550 million Nordic Bond capital raise.

Product overview

Pembroke Resources operates as a single-product mining company focused on the Olive Downs Mine, a world-class steelmaking coal operation located in Queensland's Bowen Basin. The mine produces high-quality coking coal and PCI (pulverised coal injection) products, making it the company's sole product offering. The operation utilizes fully autonomous CAT 794 haul trucks and integrated autonomous drilling systems, positioning it as an innovative leader in Australian coal mining.

Differentiator

Problem solved

Functional benefit

Products and services

• Olive Downs Mine (Coking Coal and PCI products) World-class open-cut metallurgical coal mine in Queensland's Bowen Basin, producing high-quality coking coal and PCI (Pulverised Coal Injection) products for export to enterprise steelmakers in Japan, South Korea, and India. Licensed to produce up to 20 Mtpa with 527.2 Mt of JORC Open Cut Reserves and a projected mine life of 79 years.

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ThiesscoreImplementation/ SI/ Consulting PartnerMining services contractor providing drilling, blasting and general mining operations support at Olive Downs Mine.
• AurizoncoreTechnology or IntegrationRail logistics partner for transporting coal from Olive Downs Mine to port facilities.
• Dalrymple Bay InfrastructurecoreTechnology or IntegrationPort operator handling export of coal products from the Olive Downs Mine.
• SedgmancoreImplementation/ SI/ Consulting PartnerProvides CHPP (Coal Handling and Preparation Plant) and TLO (Train Load Out) services.
• SunwaterminorOthersWater supply partner for the Olive Downs Mine operations.
• YurikaminorOthersPower supply partner for the Olive Downs Mine operations.
• Barada Barna Aboriginal CorporationcoreStrategic or Co-development PartnerFirst Nations partnership with established life of mine agreement. Partnership includes economic benefits, cultural heritage management, and employment opportunities for Barada Barna people at Olive Downs Mine.
• Depco DrillingminorImplementation/ SI/ Consulting PartnerExploration drilling partner at Olive Downs Mine.

Scale indicators10 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• New Hope Corporation: New Hope is an Australian coal producer with thermal coal operations in Queensland and an interest in the Bengalla joint venture. Comparable as a Queensland-based coal producer though more thermal-focused; useful read on regional operating and capital costs.
• Coronado Global Resources: Coronado produces metallurgical coal from the Bowen Basin (Curragh mine) and the U.S., exporting to global steelmakers. Directly comparable as a pure-play met coal producer selling into the same Asian steelmaker customer set.
• Teck Resources: Teck's steelmaking coal business (Elk Valley, British Columbia) is a globally significant metallurgical coal producer supplying Asian steelmakers. Directly comparable as a pure-play met coal producer with a tier-one reserve base, similar end-market exposure, and focus on steel industry customers.
• Stanmore Resources: Stanmore operates metallurgical coal mines in Queensland's Bowen Basin (Isaac Plains, Eagle Downs, South Walker, Poitrel). Directly comparable as a Bowen Basin met coal producer with a similar growth-from-acquisition profile and Asian steelmaker customers.
• Yancoal: Yancoal is a major Australian coal producer with metallurgical and thermal coal assets, including operations in the Bowen Basin. Comparable as a large-scale Australian coal exporter with overlap in the met coal export market to Asia.
• Whitehaven Coal: Whitehaven is the largest independent coal producer in Australia, with significant metallurgical coal operations in the Gunnedah Basin and exposure to Asian export markets. Directly comparable as an Australian-listed pure-play coal producer with similar customer base.

Emerging players

• Bowen Coking Coal: Bowen Coking Coal is a smaller, emerging Australian metallurgical coal producer with operations in the Bowen Basin. Comparable as a smaller-scale Bowen Basin met coal peer with similar product mix and export focus, though at a different stage of development.

Broad incumbents

• Peabody Energy: Peabody is one of the world's largest coal producers with significant metallurgical coal exposure (U.S. and Australian assets). Comparable as a major global met coal incumbent serving Asian steelmakers, though with a more diversified portfolio and global footprint.
• BHP Group: BHP operates the BMA joint venture with Mitsubishi, the largest coking coal producer in the Bowen Basin. Comparable as the dominant incumbent in the same geography producing the same metallurgical coal products to Asian steelmakers.
• Anglo American: Anglo American's metallurgical coal assets (Moranbah and Grosvenor in the Bowen Basin) overlap directly with Pembroke's geography. Comparable as a diversified mining major with a significant Bowen Basin met coal footprint serving the same Asian customer markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pembroke Resources