The State-Owned Enterprises (SOEs) Mining Industry Holding, MIND ID, is committed to playing a crucial role in advancing Indonesia’s strategic industrial sector by maximizing the utilization of minerals and boosting the nation’s competitiveness on the international stage.
MIND ID has been effectively managing strategic minerals like nickel and tin, which are among the nation’s flagship commodities. The company’s proactive efforts in downstreaming these minerals align with government mandates to enhance Indonesia’s position in the global market.
Heri Yusuf, Corporate Secretary of MIND ID, expresses confidence that Indonesian mining commodities will maintain their stellar status globally, especially with the ongoing efforts to strengthen downstream capabilities.
The rapid rise of clean energy trends has bolstered the demand for MIND ID’s mining commodities, particularly nickel and copper, which are crucial for the electric vehicle industry and part of the broader energy transition.
MIND ID is maximizing the strategic mineral commodities in Indonesia as per the directives of the Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, outlined in ESDM Decree 69/2024.
The list of 22 strategic minerals includes aluminum, gold, nickel, copper, and tin, all vital for developing domestic industries and supporting global trade competitiveness, national revenue, and economic growth.
Read More: Indonesia’s Economic Growth Fueled by Downstream Investment in Minerals and Agriculture
The strategic minerals regulation provides a significant boost to MIND ID, enabling the group to solidify its role in the mining sector and dominate the market in mineral resources and reserves.
The robust development of Indonesia’s strategic mineral industries underlines the country’s growing influence in the global mining sector. This advancement presents potential opportunities for increased collaboration and investment in the region, reflecting positively on regional economic stability and growth.
MIND ID’s strategic management of key minerals positions Indonesia as a continued leader in the international mining arena. Through focused downstreaming and industrial development, Indonesia is set to maintain its allure as a global mining favorite, promoting sustainable practices and boosting economic growth.
Source: Berita Jatim (2024)
