MIND ID Drives 26.9% of the National Economy

Indonesia’s state-owned mining holding company MIND ID has once again been included in the 2025 Fortune Indonesia 100 list.

This recognition demonstrates that the Group’s integrated strategic initiatives are effectively driving economic performance toward the Indonesia Emas 2045 vision.

The Fortune Indonesia award is given to 100 major companies in Indonesia for their role as engines of economic growth, with a combined contribution of 26.93 percent to national GDP.

As the second-largest company in the Energy sector on the prestigious Fortune Indonesia 100 list, MIND ID posted revenue of IDR 145.2 trillion and profit of IDR 40.2 trillion.

MIND ID Corporate Secretary Pria Utama stated that this achievement stems from the integrated management and processing of Indonesia’s mineral and coal resources to create greater economic value for the country.

“This is a tangible manifestation of the commitment and contributions of all MIND ID Members, and we will certainly continue to uphold it for the advancement of Indonesia’s civilization in the future,” Pria said in a written statement on Wednesday, September 17, 2025.

Pria added that throughout 2024, MIND ID supported performance integration and business expansion across its Members through a series of strategic downstream projects.

Through ANTAM and INALUM, MIND ID realized the Smelter Grade Alumina Refinery (SGAR) in Mempawah, which serves as an integrator of Indonesia’s aluminum production supply chain from upstream to downstream.

This National Strategic Project (PSN), with an investment value of USD 900.7 million or around IDR 13.5 trillion, produces approximately 1 million tons of alumina per year using 3.3 million tons of bauxite per year as feedstock.

In addition, the MIND ID Group also realized PT Freeport Indonesia’s (PTFI) second copper smelter, the Manyar Smelter at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java, with an investment of USD 3.7 billion or IDR 58 trillion.

Outputs from this smelter include 650 thousand tons of copper cathode, 50–60 tons, and around 220 tons of silver per year.

Through mineral and coal processing operations and the full suite of the Group’s downstream development initiatives, total employment absorption reached 69,258 people through 2024 across various regions of Indonesia.

This job creation contributes to improving human capital quality while laying the foundation for more equitable economic growth in the future.

“MIND ID exists to ensure that the wealth of this nation’s mineral resources delivers the greatest possible benefits for the prosperity of the Indonesian people,” he said.

“Downstreaming is not merely a corporate agenda, but a national priority that will lead Indonesia toward economic sovereignty and Indonesia Emas 2045,” he concluded.

Source: https://rmol.id/bisnis/read/2025/09/17/680210/mind-id-bagian-penggerak-26-9-persen-ekonomi-nasional

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