Press Release

MIND ID Stewardship Program Raises Level of 501 Micro and Small Enterprises

22 April 2022

Jakarta, 20 April 2022 – MIND ID or Mining Industry Indonesia, the Holding State-Owned Enterprise for the Mining Industry, with members PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero) dan PT Timah Tbk, raises the level of 501 Micro and Small Enterprises (UMK) under its Stewardship Program during the 2020-2021 period.  The MIND ID Group implemented the acceleration of Micro and Small Medium Enterprises through the cluster approach, such as Trading, Service, Industry, Agriculture, Livestock and Plantation clusters.

MIND ID Director of Institutional Relations, Dany Amrul Ichdan, said that “The MIND ID Group is committed to take an active role in raising the local economy, one of the efforts of which is through the Micro and Small Enterprise (UMK) Program.  This program has been implemented through a selection process, subsequently providing mentoring assistance in creating the business plan, raising the capacity of the businesses and offering working capital through the UMK Funding Program. The target is clear, to raise the level of the UMKs under its Stewardship Program. The UMK Development Program is part of the State-Owned Enterprises’ Social and Environmental Responsibility Program priorities, in the efforts to support post pandemic economic recovery.”

In 2020-2021, there were more than 6,500 UMK partners under the Stewardship Program, among which the level of 501 have been accelerated, comprising: 172 in the Trading Cluster; 91 in the Service Cluster; 93 in the Industry Cluster; 21 in the Agriculture Cluster;  and 82 in the Plantation Cluster.  As many as 22 of the total number came from ANTAM; 360 from Bukit Asam; 15 from Inalum Operating; and 104 from TIMAH.

The cluster-based UMK development strategy has allowed the MIND ID group to provide specific and needs-based support through Entrepreneurship and Technical Training, Product Quality, Packaging and Certification Development, financial assistance for working capital as well as Marketing and Sales Development through local as well as marketplace business centers, digitally.

“MIND ID also seeks to promote MSMEs to become part of the company's supply chain in accordance with the direction of the President and the Minister of SOEs," added Dany. MIND ID Group’s UMK development strategy is expected to respond to the current challenges faced by UMKs in the fields of management, working capital, marketing strategy and access, standard and quality as well as production.

On MIND ID

The Mining Industry Holding was officially formed on 27 November 2017, with PT Indonesia Asahan Aluminium (Persero) as the holding company with majority shares in four largest mining companies in Indonesia, PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Timah Tbk and PT Freeport Indonesia.

On 17 August 2019, the Mining Industry Holding was transformed into MIND ID (Mining Industry Indonesia) to differentiate the functions of INALUM as Holding and as Operational company.

For more information, please contact:

Heri Yusuf

SVP Corporate Secretary
PT Inalum (Persero) Holding Industri Pertambangan

Email: heri.yusuf@mind.id

www.mind.id

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