Core Viewpoint - Company Qinfa (00866) announces the latest development progress of its wholly-owned subsidiary PT Trisula Sumber Energi (TSE) in coal mining in South Kalimantan, Indonesia [1] Group 1: Project Details - TSE coal mine is located in North Kota Baru, South Kalimantan, covering an area of 168 square kilometers, including parts of Kelumpang Hulu and Kelumpang Barat [1] - The mining operation license (No. 03/1/IUP/PMA/2024) is valid for ten years until May 14, 2034, with a possibility of a ten-year extension [1] - Currently, TSE coal mine is in the pre-operational planning stage and construction activities are expected to commence in Q1 2026 [1] Group 2: Resource Estimates - The coal quality at TSE ranges from 4,990 to 6,056 kcal/kg, which is superior to the existing SDE coal mine's level of approximately 4,500 kcal/kg [1] - As of September 30, 2025, the estimated coal reserves at TSE are 379 million tons, with total estimated coal resources (proven + controlled) of 897 million tons [1]
中国秦发预计将于2026年第一季度展开TSE煤矿矿场建设活动