House of Representatives: Downstream Strategy Crucial for Boosting National Economy

Indonesia’s House of Representatives Deputy Chairman of Commission XII, Sugeng Suparwoto, has affirmed that downstream processing policies represent a strategic step aligned with the government’s major agenda to drive national economic growth to 8% by 2029. “Downstream processing policies are a strategic step to achieve 2029 economic growth,” Sugeng stated during the Commission XII Hearing Meeting in Jakarta on Monday, 13 April 2026. According to Sugeng, downstream processing not only increases the added value of mining commodities but also strengthens the national industrial structure through integration from upstream to downstream. He assessed that consolidation and synergy among mining industry entities have shown positive results in maintaining production and management in the sector. “Amid various mining industry challenges, consolidation and synergy through diversification of mining products have managed to demonstrate good mining production and management,” he said. The House of Representatives also stressed that mineral resource management must be carried out in an integrated manner to provide long-term economic value. Additionally, strengthening governance is considered an important factor to ensure the sustainability of the mining sector amid global dynamics. On the same occasion, the Mining Industry Holding MIND ID reported positive performance achievements throughout 2025 despite facing global commodity price volatility. The company recorded revenues of Rp159 trillion, EBITDA of Rp42 trillion, and net profit of Rp29 trillion, all surpassing set targets. MIND ID’s President Director, Maroef Sjamsoeddin, conveyed that these achievements form an important foundation for facing the following year. “MIND ID will continue to focus on maintaining a balance between production performance and sustainability principles,” he said. Entering 2026, the company targets increases in production of several key commodities, including coal, bauxite, nickel ore, and tin. Nevertheless, the House of Representatives views the direction of downstream processing policies as the primary factor in ensuring the mining sector’s contribution to national economic growth.