In order to solve the shortcomings of the traditional mining anti-extinguishing gel material such as low strength and poor water retention, a high hydrocolloid anti-extinguishing material was developed with sodium alginate and light calcium carbonate as the base material and gluconolactone as the retarder, which was mixed and reacted. The base material ratio of highly efficient water-retaining colloidal material for coal void filling was determined as 2% SA + 0.5% PCC + 1% GDL with a moulding time of 4.5 min, while the base material ratio of highly efficient water-retaining colloidal material for extinguishing high temperature fires was 2.5% SA + 1% PCC + 1% GDL with a moulding time of 2.5 min. The highly efficient water-retaining colloidal material was found to reduce the concentration of signature gas and delay the characteristic temperature point and increase the activation energy of coal oxidation, which indicates that the highly efficient water-retaining colloidal material can effectively inhibit the spontaneous combustion process of coal at low temperature stage. Infrared spectroscopy experiments were conducted to investigate the microscopic resistance mechanism of the highly efficient water-retaining colloidal material, and the results showed that the highly efficient water-retaining colloidal material mainly reduce the activity of Ar-C-O-, -COO-, -CH3, -CH2 and -OH in coal to inhibit the spontaneous combustion of coal.