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In a recent investor presentation, Pan Asia chief executive officer Alan Hopkins said there were many benefits associated with developing an underground coal project in Indonesia.
Among the advantages listed were the large tonnages available, its established infrastructure and the amount of high-quality coal the country had to offer.
However, in relation to underground mining in Indonesia, Hopkins noted expertise and technology still needed work.
Hopkins previously told ILN the company was taking a giant leap by establishing an underground mine in Indonesia but said Pan Asia was setting the precedent for the future of Indonesia’s coal industry.
“It’s going to be big news in Indonesia because it’s going to set the standard for the next generation of coal mining,” he said.
The mine has the potential to produce 1.5-2 million tonnes per annum of product over an initial 15-year mine life, with a mechanised longwall being the preferred style of mining.
Pan Asia recently upgraded the mines JORC-compliant resource to 114.6Mt, up from 53Mt.
Hopkins is hoping the project’s feasibility study will be completed by the first quarter of 2012, which would lead to the development of the underground project in the second half of the year.
Pan Asia has a 75% stake in the TCM project, with local partners acquiring the remaining 25% stake.
