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G20 Summit, MIND ID Ready to Become a World Player in Sustainable Mining Management

Thu 24 Nov 2022, 10:00 AM



BUMN Holding Mining Industry Indonesia (MIND ID) continues to improve Indonesia's very potential mining management system. One of them is by realizing a sustainable natural resource supply chain.

The business process initiated by MIND ID is also to increase the added value of commodities through sustainable schemes. The sustainable narrative carried by MIND ID is spelled out in the company's business strategy.

As a Mining Industry Holding with its members, namely: 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 Government's mandate to become a world-class company.

MIND ID's Director of Institutional Relations Dany Amrul Ichdan mentioned that there are three main business strategies of MIND ID. First, MIND ID exercises control over mining reserves. MIND ID continues to conduct various research and developments to maximize aggressive mining exploitation and production. This red plate company also continues to strive to increase competitiveness through the use of digital technology.

"The idea of Smart Mining carried by MIND ID is expected to be able to encourage mining optimization through the implementation of the latest technologies such as artificial intelligence (AI), Internet of Things (IoT), Machine Learning, as well as big data that can maximize mining sector activities," he said at the Special Ministerial Meeting in Bali, Thursday (11/17/2022).

Second, MIND ID develops its downstream business. Efforts to maximize the scale of downstream assets by optimizing the company's internal performance. Hendi said that the development of project management standards in the company continues to be carried out in order to reap maximum results such as being able to accelerate high-quality projects.

"The purpose of the improvements made is none other than to develop downstream assets on a global scale," he said.

In addition, MIND ID is also aggressively collaborating strategically with several companies to expand its business in the downstream sector.

When upstream mining products are abundant, the company's next target is to anchor the downstream industrial sector.

The third strategy is to become a global player. The target carried by MIND ID is to become a world-class player from the upstream to downstream sectors in the mining industry and its derivatives. The company continues to develop its capabilities and optimize its portfolio.

"The capacity building and optimization of the portfolio aims to build organization and culture in the company, develop technological capabilities through partnership schemes, optimize the portfolio through integrated concepts and restructure company management to make it more profitable," said Dany.

MIND ID also implements sustainable practices such as through local community empowerment systems and others. This company also continues to innovate to explore new business potential through development in an extraordinary way.

Image source: Aris Kurniawan



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