MIND ID Support for 41st AMEM, Create Harmony in Mining Governance

Jakarta, 25 August 2023 – MIND ID, the Holding State-Owned Enterprise for the Mining Industry, undertakes efforts to create harmony in sustainable mining governance.  This is MIND ID’s support to the three pillar principles of the 41st ASEAN Ministers on Energy Meeting (AMEM), in Bali 24-26 August 2023.

Sustainability is one of the important pillars featured. This pillar has a strong connection with the management of natural resources, maintaining environmental conservation, giving a multiplier effect to communities, and encouraging economic development.

“MIND ID plays an important role in the sustainability pillar. The MIND ID Group sets forth the principle of good and sustainable mining governance,” said MIND ID President Director, Hendi Prio Santoso.

As a holding company of the mining industry that manages the majority of mineral reserves in Indonesia, MIND ID and all of its members bring about the principle of sustainability by undertaking various business transformations. This is being done through strong natural resource supply chain governance to maintain mining operational expertise and create management efficiency.

Currently, the key focus of MIND ID is downstreaming. Downstreaming and strengthening the existing mineral reserve supply chain to ensure healthy mining while at the same time, providing added value for the country and people.

MIND ID conducts sustainable mineral reserve management through control of the mining reserve asset management system. MIND ID also continues to conduct aggressive and targeted research, development, and innovation to maximize mining exploration and production. 

Hendi hopes that the Smart Mining Idea promoted by MIND ID is capable of optimally driving mining as a reality of Good Mining Practices which have become the main cornerstone of the Company. The downstreaming implementation is also undertaken to enable the proper management of reserves.

Domestic processing will provide a multiplier effect for the entire sector. Moreover, the project management standard in the company continues to be developed in order to achieve maximum results, one of which is to accelerate high-quality projects.

“The aim of the improvement is nothing else but to develop the downstream asset on a global scale,” he said.

On the other hand, MIND ID also adopts sustainable practices through local and other community empowerment. MIND ID continues to innovate in order to discover new business potential through extraordinary development.

So far, MIND ID has the target to become a world-class player in the mining and its derivative industry, from the upstream to the downstream sector. The Company also continues to develop its portfolio capabilities and optimization to build organization and culture in companies, develop technology capabilities through partnership schemes, optimize portfolio through integrated concepts, and restructure company management to be more profitable.

Aside from sustainability, three principles in the energy sector management also cover security and interconnectivity. Minister of Energy and Mineral Resources, Arifin Tasrif, explains that as a region affecting global economic growth, the role of ASEAN becomes the key to good energy management.

“ASEAN energy tagline consists of three energy pillars, namely sustainability, security, and interconnectivity. These pillars represent our main challenges in expediting energy connectivity to achieve sustainable ASEAN growth,” said Arifin.