MIND ID Strengthens Corporate Governance, Optimizes Added Value

Jakarta, 9 May 2025 – Good Corporate Governance has become the main foundation for MIND ID or Mining Industry Indonesia, the Holding State-Owned Enterprise for the Mining Industry, in implementing the mandate for the optimal and sustainable management of national resources. 

This principal is manifested concretely in each business process from upstream to downstream, ensuring that all added value creation process is accountable, transparent, and adhere to the prevailing regulations having the force of law.

As evidence of the commitment, the MIND ID Group has received a series of awards in the prestigious event “Indonesia Regulatory Compliance Awards 2025”, held by Hukumonline in Jakarta, Friday (9/5/2025).

PT Mineral Industry Indonesia (Persero) received two of the highest awards as Best Enterprise in Regulatory Compliance (Sapphire) in Mineral and Coal sector and Best Holding Company in Regulatory Compliance.

PT Bukit Asam Tbk (MIND ID Member) also received the award for Notable Enterprise in Regulatory Compliance in Mining and Coal Industry (Gold).

As a form of commitment to raise the capability and credibility of MIND ID employees, MIND ID is also committed to continue producing leaders with high awareness of corporate governance and compliance.

The efforts have also received appreciation with the awarding of The Most inspiring Leader of the Mineral and Coal Sector, to MIND ID’s Division Head of Governance & Compliance, Meiske G.T. Panggabean.  

MIND ID Director of Risk Management and HSSE, Nur Hidyat Udin, stressed that the awards are a reflection of the actual steps of the company which continuously strengthens its corporate governance and legal compliance foundation throughout the entire MIND ID Group.

“MIND ID believes that risk management, good corporate governance, transparency, and legal compliance are not only fulfilment of regulations, but important strategies to ensure optimalization of added value and mineral resources of Indonesia, enabling the long term benefits for all Indonesians,” he stressed.

Furthermore, the Director of Risk Management and HSSE is convinced, now with the joining of MIND ID as part of the Danantara Investment Management Agency.

The MIND ID Group will continue to raise the maturity of its integrated Governance, Risk and Compliance (GRC) which has been developed based on the criteria in State-Owned Enterprise (BUMN) environment, to furthermore target the long term achievement of world class governance standards.

Of course, these efforts have support of top MIND ID management, to implement sustainable development programs in the context of raising GRC awareness and engagement of all MIND ID Group employees, for the protection of the organization’s integrity and accountability.