Drake Mine

Drake Mine is a coal mining facility operated by Drake Mine Management Pty Ltd in QLD. Like all covered facilities, underground and open-cut coal operations emit methane and energy-related CO₂. Under Australia's Safeguard Mechanism, Drake Mine must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.

This facility is operating under a multi-year monitoring period (MYMP) — a Clean Energy Regulator-approved arrangement that allows compliance to be assessed across multiple years rather than annually. This is appropriate for facilities where emissions vary significantly year to year due to production cycles or operational changes. The gap shown above does not indicate non-compliance during the MYMP window.

Across the coal mining sector, 8 of 8 covered facilities reported emissions above their baseline in 2023–24. The table below compares Drake Mine with other coal mining facilities covered by the Safeguard Mechanism.