The Indonesian Mining Industry Holding MIND ID continues to\nstrengthen its operational fundamentals and downstream integration to\nmaintain growth amid increasingly challenging commodity market\nconditions in the second half of 2026. The positive performance of\nseveral MIND ID Group member companies throughout the first half of 2026\nserves as capital for maintaining earnings quality, cash flow, and\nprofit margins.<\/p>\n
Investor attention is expected to begin shifting from merely pursuing\nhigh profit growth towards the ability of each listed company to\nmaintain operational quality and create long-term value. With the market\nentering a normalisation phase, balance sheet health, capital\nexpenditure discipline, and cash flow sustainability are becoming\nincreasingly important.<\/p>\n
\u201cProfits that are no longer as high as during the supercycle period\ndo not mean that company fundamentals are deteriorating, but rather that\nthe market is once again assessing listed companies based on operational\nquality, efficiency, balance sheet health, and long-term growth\nprospects,\u201d said Capital Market Observer and Director of Purwanto Asset\nManagement Edwin Sebayang in his statement, quoted on Tuesday\n(25\/8\/2026).<\/p>\n
A number of mining companies under MIND ID recorded positive\nperformance throughout the first half of 2026. PT Vale Indonesia Tbk\n(INCO), for example, posted a profit for the period of 25.24 million US\ndollars.<\/p>\n
PT Timah Tbk (TINS) recorded a stronger performance with net profit\nreaching Rp 2.71 trillion. This achievement has exceeded the full-year\n2026 net profit target of Rp 1.61 trillion, reaching 169 percent of the\ncompany\u2019s target.<\/p>\n
\u201cThe prospects for INCO and TINS will be heavily influenced by global\ncommodity price developments, production volume realisation, and the\nability to maintain margins amid a more challenging commodity cycle,\u201d\nsaid Edwin.<\/p>\n
Amid the changing commodity cycle, each MIND ID listed company has\ndifferent growth catalysts. PT Aneka Tambang Tbk (ANTM), for example, is\nstill considered to have long-term prospects through strengthening\nmineral downstreaming and the development of an electric vehicle battery\necosystem.<\/p>\n
ANTM is developing an integrated electric vehicle battery ecosystem\nin Indonesia together with PT Industri Baterai Indonesia (IBI) and HYD\nInvestment Limited. The HYD consortium consists of Zhejiang Huayou\nCobalt Co., Ltd., EVE Energy Co., Ltd., and PT Daaz Bara Lestari\nTbk.<\/p>\n
\u201cI see ANTM as still having strong long-term catalysts through\nmineral downstreaming and the development of an electric vehicle battery\necosystem. PTBA remains attractive for investors seeking cash flow\nstability and dividends,\u201d said Edwin.<\/p>\n
The production facility in the battery project is located in\nKarawang, West Java, and is targeted to begin commercial operations in\n2026. The total initial investment for the integrated battery project\nfrom upstream to downstream reaches 5.9 billion US dollars, or\napproximately Rp 96.04 trillion, assuming an exchange rate of Rp 16,278\nper US dollar.<\/p>\n
The production capacity in the first phase is planned to be increased\nthrough expansion to at least 15 gigawatt hours (GWh). This capacity is\nestimated to be equivalent to meeting the needs of around 250,000\nelectric vehicle units.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/challenging-second-half-mind-id-group-relies-on-earnings-quality-and-cash-flow-1787712718", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }