In an effort to strengthen Indonesia's economic sovereignty and create added value for mineral and coal commodities, the state-owned mining holding company, MIND ID, continues to reinforce its commitment to becoming a driver of integrated downstream processing.
Various strategic project initiatives have been launched to ensure that mineral resource management is conducted from upstream to downstream domestically, thereby creating a better supply chain.
Heri Yusuf, Corporate Secretary of MIND ID, stated that MIND ID, through all its members, consistently carries out integrated downstream projects.
It is hoped that Indonesia will benefit from each value-added process and become more sovereign in the global arena.
"By implementing integrated downstream programs, we strive to make a bigger impact on Indonesia's economy and further strengthen Indonesia's position in the global supply chain," said Heri on Saturday (16/2).
Heri explained that one of the downstream projects undertaken by the MIND ID Group is the Smelter Grade Alumina Refinery (SGAR) in Mempawah, West Kalimantan, managed by PT Borneo Alumina Indonesia (BAI), a joint venture of MIND ID Group members, PT Indonesia Asahan Aluminium and PT Aneka Tambang Tbk.
This project has an output capacity of 1 million tons of alumina per year for INALUM's aluminum production needs, which was previously sourced from the global market.
In addition, the MIND ID Group, through PT Freeport Indonesia, has built a copper smelter and is developing a Precious Metal Refinery (PMR) in Gresik, East Java. This project plays an important role in integrating the copper processing supply chain, from copper ore and copper concentrate to finally becoming copper cathodes.
Through this smelter, the MIND ID Group will also be able to process anode sludge into gold, silver bars, and other Platinum Group Metals (PGM) to meet the investment commodity needs of the Indonesian people.
The commitment to implementing integrated downstream processing is also realized in the development of a nickel project in East Halmahera, which includes the construction of a Rotary Kiln-Electric Furnace (RKEF) smelter to produce nickel as well as a High-Pressure Acid Leach (HPAL) facility for electric vehicle battery raw materials. Both facilities not only strengthen Indonesia's position in the global electric vehicle industry but also create higher-tech and higher-value-added products domestically.
"Of course, we will continue to strengthen integration in every supply chain of managed mineral and coal commodities, so that we can contribute to improving economic performance and achieving 8% growth going forward," said Heri.
