MIND ID focuses on increasing the added value of Indonesian mineral products, this is the strategy

Jakarta, VIVA – MIND ID, the mining industry holding company of BUMN Indonesia, has emphasized its focus on implementing mining and industrialization projects to support Indonesia’s future growth.

Corporate Secretary MIND ID’s Heri Yusuf said efforts to downstream and industrialize minerals are long-term strategic steps that will have a very positive impact on Indonesia’s economic future.

This includes, among other things, increasing the added value of mineral resources, assimilating and improving the quality of the workforce, as well as increasing the country’s competitiveness on the global stage.

“MIND ID, as a state-owned company with the authority to successfully complete the downstream program, is committed to overseeing the implementation of strategic mineral projects to ensure maximum value for Indonesia’s future,” Heri said in a statement on Friday, September 20, 2024.

He explained that this increase in added value is due to the processing of low-value primary minerals into products. end user high technology like electric cars.

Hari confirmed that the massive downstream projects implemented by MIND ID have also increased the absorption and quality of the workforce. It is from the upstream chain, such as mining and processing, to the downstream sector, such as the construction of metallurgical plants and infrastructure, as well as industrial operations.

Moreover, he said, downstream will also increase Indonesia’s competitiveness and even have better bargaining power in any global economic policy.

Heri said: “Of course, downstream is a long-term program with a lot of investment. We are committed to continuously completing and completing the operations of each downstream project.”

“Therefore, it is hoped that this can provide greater impact and benefits for the prosperity of all Indonesian people,” he said.

It is known that in mid-2024, the government opened a new metallurgical plant owned by a member of MIND ID Holding, including PT Freeport Indonesia (PTFI) in the Java Port and Integration Special Economic Zone (JIIPE) (KEK), Gresik, East Java.

The world’s largest copper concentrate refinery has also increased its smelting capacity from 1 million tonnes to 3 million tonnes per year. MIND ID Group through PT Borneo Alumina Indonesia (BAI) is also committed to further expanding the scope of domestic downstream mineral projects.