ASIATODAY.ID, JAKARTA – Chinese company, PT. Sumber Daya Energi (SDE) affiliated with Qinfa Group Ltd began operating the first underground coal mine in Indonesia.
The inauguration of this activity was carried out directly at the location of PT. Energy Resources (SDE) -1 West Kelumpang in Kotabaru, South Kalimantan, on Monday, December 18 2023.
PT SDE’s underground coal mine has a production capacity of 20 million tons per year and uses longwall mining technology, which is the most efficient and environmentally friendly underground mining technology.
The PT SDE Mining Business License (IUP) is valid until May 14 2034. The area of PT SDE. SDE of 18,500 Ha located in Kotabaru, South Kalimantan and has completed the Feasibility Study Approval document and environmental documents.
Acting Director General of Minerals and Coal, Indonesian Ministry of Energy and Mineral Resources, Bambang Suswantono hopes that the opening of this mine can increase national coal production and meet domestic coal needs.
“We hope that the inauguration of this mine can increase national coal production and meet domestic coal needs,” he added.
Meanwhile, in its statement, PT SDE stated that it had achieved a significant milestone by officially starting the first large-scale commercial operation of underground coal production.
President Director of Qinfa Group, Xu Da, expressed his appreciation for the support received from various government agencies in facilitating the commercial operations of the SDE-1 mine.
“We are very happy and grateful for the opportunity to participate in the development of the mining sector in Indonesia. Today, we are introducing a paradigm shift in the Indonesian mining sector by operating our underground coal mine with the latest technology. Committed to setting new standards in responsible mining practices “We are committed to improving and having a positive impact on economic growth both locally and nationally,” said Xu Da.
With a total investment of US$ 300 million spent from the construction phase in 2021 to date and investment that will continue to be placed in the future, PT SDE not only contributes to the growth of Indonesia’s mining sector, but also has a positive impact on the country’s economy.
Economic and Trade Counselor of the Embassy of the People’s Republic of China in Indonesia, Wu Zhiwei, said that Chinese investment in Indonesia had reached $5.6 billion in the first three quarters. He said the energy and mining sectors had contributed 40%.
“From January to October this year, the bilateral trade volume between China and Indonesia reached $114.5 billion. The trade structure was further optimized, and the trade volume of high value-added products such as cars and raw materials for electric batteries increased significantly. In the first three quarters, investment “directly from China in Indonesia amounted to $5.6 billion. The energy and mining industry, as the main areas of practical cooperation between the two countries, contributed almost 40%, to which the Qinfa Group also contributed,” he explained. (AT Network)
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