Qinfa Group Ltd., through PT Sumber Daya Energi (SDE) has so
far disbursed a budget worth USD 300 million or the equivalent of IDR 4.6
trillion to build the SDE 1 underground coal mine area, out of the three
planned SDE mine locations in Kotabaru, South Kalimantan.
The mine with a depth of 180 square kilometers is estimated
to be able to produce up to 15 years, with mineable coal reserves of
293 metric tons.
Deputy for Investment Services at the Ministry of
Investment, Ahmad Idrus, said that the Qinfa Group's investment in South
Kalimantan is expected to be able to trigger national economic growth and
investment realization targets.
"Investment from the Qinfa Group is very important and
strategic in the context of realizing this investment," said Ahmad Idrus
at the 'Inauguration of the First Production of the SDE 1 Underground Plant',
Monday (18/12/2023).
Ahmad Idrus said that the Ministry of Investment will
support Qinfa Group in terms of licensing. Apart from that, the government will
also support from a non-licensing perspective, for example fiscal facilities
such as tax holiday.
President Director China Qinfa Group, Xu Da, added
that his party is committed to creating a positive impact, including job
opportunities and empowering MSMEs around the region mine.
"We are committed to improving and having a positive
impact on economic growth, both locally and nationally," he said.
Meanwhile, the value of this investment will continue to
increase, in line with PT SDE's plans to build SDE 2 and 3 mines. Each existing
mine is designed to produce 10 million tons of coal per year.
The SDE 1 mine itself has officially started production starting
today, Monday (18/12/2023), while the SDE 2 mine is targeted to start operating
in 2024.
For Information, PT SDE is the holder of a mining business
permit (IUP) for foreign investment (PMA). in accordance with the Decree of the
Minister of Investment/BKPM No.4/1/IUP/PMA/2023 dated 9 February 2023 with a
validity period of up to 14 May 2034 with an area of 18,500 hectares.
In carrying out mining activities, PT SDE uses underground mining methods. According to the Feasibility Study Approval document and environmental documents, PT SDE has a maximum coal production capacity of 20 million tons per year, which will make PT SDE the largest coal mining company in Indonesia that produces coal using underground mining methods.
Image source: PT Sumber Daya Energi
Source: www.ekonomi.bisnis.com/China Kucurkan Rp4,6 Triliun untuk Proyek Tambang Batu Bara di Kalsel
