G20 Ministerial Meeting, MIND ID ready to become World Class Player with Sustainable Mining Management

Jakarta, 18 Novembere 2022 – The Holding State-Owned Enterprise for the Mining Industry, Mining Industy Indonesia (MIND ID), continues to improve the management system of Indonesia’s extremely potential mining industry. One of the ways is to create a sustainable natural resource supply chain.

The business process initiated by MIND ID is also aimed at increasing the added value of commodities through the sustainable scheme.  The sustainable narration conveyed by MIND ID is outlined in the business strategy of the company.

As a Holding State-Enterprise Company for the Mining Industry with members: PT Antam Tbk, PT Bukit Asam Tbk., PT Freeport Indonesia, PT Inalum (Persero), PT Timah Tbk., MIND ID continues to improve and focus in accordance with the mandate from the Government to become a world class company.

MIND ID Director of Institutional Relations, Dany Amrul Ichdan, explained that there are three key business strategies of MIND ID. He was speaking at the Special Ministerial Meeting in Bali on Thursday, 17 November 2022.

Firstly, MIND ID undertakes control of the mining reserves. MIND ID continues to conduct various research and development to aggressively maximize exploration and production. The state enterprise continues to raise competitiveness through the utilization of digital technology.

“The Smart Mining Initiative of MIND ID is expected to drive mining optimalization through the implementation of the latest technology such as artificial intelligence (AI), Internet of Things (IoT), Machine Learning, also big data which can maximize mining sector activities,” said Dany.

Secondly, MIND ID is developing the downstream business. The efforts to maximize the scale of the asset downstreaming by optimizing the internal performance of the company. Hendi said that the development of the project management standard in the company continues to be implemented in order to bear maximum results, such as being able to accelerate high quality projects.

“The aim of the improvement is none other than to develop the downstream assets in the global scale,” he said.

Moreover, MIND ID is also aggressively entering into strategic cooperation with various companies to expand the business in the downstream sector.

At the time when upstream mining products are abundant, the subsequent target of the company is to anchor in the downstream industry sector.

The third strategy is to become a global player. The target set by MIND ID is to become a global player from the upstream to the downstream sector in the mining and derivative industry. The company continues to develop its capabilities and optimize its portfolio.

“The development of capabilities and optimalization of portfolio is aimed at building organization and culture in the company, develop technological capability through the partnership scheme, optimizing portfolio through the integration concept and restructuring management of the company to be more profitable,” explained Dany.

MIND ID also adopts sustainable practices such as through the local community empowerment system and other systems. The company continues to conduct innovation in order to discover new business potential through development based on extraordinary means.