MIND ID plans to allocate an investment budget of up to IDR 267.8 trillion by 2029.
MIND ID's Director of Portfolio and Business Development, Dilo Seno Widagdo, stated that the investment plan aims to add value to the company’s downstream projects, including targeting revenue growth over the next five years.
He explained that this investment value does not include the budget for PT Freeport Indonesia and PT Vale Indonesia Tbk (INCO).
"Without Freeport and Vale, this IDR 267 trillion investment until 2029 is already planned. We are already incorporating it into these programs, and it must start now, not in 2041. We must invest in the Kucing Liar (underground mining of PT Freeport Indonesia) now," he said at the MIND ID Commodities Outlook 2025 event in Jakarta on Tuesday (November 26, 2024).
He elaborated that from the total investment budget of IDR 267.8 trillion, the allocation for 2025 is IDR 33.4 trillion, for 2026 IDR 53.8 trillion, with a projected sharp increase to IDR 79 trillion in 2027, IDR 71.3 trillion in 2028, and IDR 30.4 trillion in 2029.
Of the total investment plan of IDR 267.8 trillion for 2025-2029, the largest allocation is for PT Aneka Tambang Tbk (ANTM) at IDR 152.6 trillion, followed by PT Bukit Asam Tbk (PTBA) at IDR 55.2 trillion, PT Inalum at IDR 54.8 trillion, and PT Timah Tbk (TINS) at IDR 5.2 trillion.
Regarding the estimated investment, the company plans to secure external funding of up to IDR 98.8 trillion by 2029.
In 2025, external funding is expected to reach IDR 25.7 trillion, followed by IDR 24 trillion in 2026, an increase to IDR 28.5 trillion in 2027, IDR 19.1 trillion in 2028, and IDR 1.4 trillion in 2029.
