Danantara accelerates MIND ID restructuring for national downstreaming

Organisational and business restructuring is a crucial step to ensure the national mining industry transformation proceeds more effectively. The State-Owned Enterprises Regulatory Body (BP BUMN) and Danantara are accelerating MIND ID’s organisational and business structure restructuring to strengthen the effectiveness of the national mining industry holding company in executing its strategic downstreaming mandate. ‘Organisational and business restructuring is a crucial step to ensure the national mining industry transformation proceeds more effectively and delivers greater added value for the country,’ said BP BUMN Head and Danantara COO Dony Oskaria. The restructuring aims to make company operations more focused, efficient, and integrated, while addressing future needs in the mineral and coal industry transformation. This strategic move was discussed in a meeting between BP BUMN Head and Danantara COO Dony Oskaria and MIND ID President Director Maroef Sjamsoeddin on Monday, 26 May. The meeting highlighted efforts to consolidate business operations, simplify organisational structure, and strengthen corporate governance to enhance the competitiveness of the national mining industry. During the discussions, organisational restructuring was seen as a foundational step for MIND ID to become more adaptive in managing the entire mineral supply chain, from natural resource management to developing high-value downstream industries. This step is also critical to strengthen synergy among business entities under the holding company, enabling faster and more measured business decisions. Business consolidation within MIND ID is expected to create operational efficiencies, strengthen the mining industry ecosystem integration, and increase investment capacity for national strategic projects. BP BUMN Head noted that a leaner and more targeted organisational structure will enable MIND ID to be more aggressive in pursuing the mineral downstreaming agenda as a key driver of national economic growth. Through this initiative, BP BUMN and Danantara reaffirmed their commitment to strengthening the competitiveness of the mining sector SOEs through more adaptive, efficient corporate governance focused on long-term value creation. The restructuring of MIND ID is also anticipated to accelerate the development of a stronger, more independent, and sustainable national downstream industry.