Jakarta, CNBC Indonesia - The State-Owned Mining Industry Holding MIND ID revealed a number of benefits to the domestic mining sector after Indonesia entered the economic cooperation organization between Brazil, Russia, India, China, South Africa (BRICS).

MIND ID Portfolio and Business Development Director Dilo Seno Widagdo said that one of the things that Indonesia could benefit from by joining the organization was opening up potential for cooperation with other BRICS members.
 

"So we don't, in my opinion, have to specifically talk about it in the context of the BRICS organization. But how can we build trade relations with China, how can we build trade relations with India. How can we open trade relations with Brazil," he explained on the sidelines of the MINDialogue Downstream and Industrialization Key Strategy Towards Golden Indonesia 2045, quoted Friday (10/1/2025).
 

"Well, that might be more important, well, these countries are creating a form of transaction with a foreign exchange model that is less dependent on the US$, right? Well, that's actually us, we are open to it if we really have to be able to have a more general transaction," he said.
 

However, Dilo emphasized that Indonesia remains open to collaborating with anyone, even with countries outside of BRICS members. He hopes that BRICS itself will not limit Indonesia from being able to export to any country.

"Well, in this context, we actually have to maintain our export orientation to China and our export orientation to India. So, I don't think we necessarily have to join BRICS, but we open up relations as widely as possible with anyone. Don't limit it," he emphasized.

As is known, the announcement of Indonesia's acceptance into BRICS was delivered by the current holder of the BRICS Presidency, namely Brazil.
 

BRICS was founded in 2009 by Brazil, Russia, India, China, and South Africa. With the joining of Indonesia, BRICS has 11 members, namely Iran, Egypt, Ethiopia, Saudi Arabia, United Arab Emirates (UAE). While the current BRICS partners are Turkey, Algeria, Belarus, Cuba, Bolivia, Malaysia, Uzbekistan, Kazakhstan, Thailand, Vietnam, Nigeria and Uganda.

(pgr/pgr)