MIND ID Optimises State Contribution Through National Downstreaming
The Indonesian mining industry holding company, MIND ID, is consistently executing its mandate as a driver of strategic mineral downstreaming to create multiplied added value for the Indonesian economy.
“The company continues to maintain positive business performance, enabling it to provide sustainable contributions and benefits for Indonesia,” said MIND ID Corporate Secretary Pria Utama in Jakarta on Saturday.
He stated that the company consistently plays a role in synergising the downstream supply chains for minerals and coal in Indonesia. This is reflected in the synergy between Antam and Freeport Indonesia within the national gold downstreaming supply chain, as well as the synergy between Inalum, Ant, and PT Bukit Asam in the bauxite-alumina-aluminium downstreaming supply chain.
Furthermore, the company is involved in various programmes to strengthen the downstream supply chains for strategic minerals such as nickel, copper, and tin, as well as the formation of the national electric vehicle battery ecosystem.
MIND ID recorded revenue of Rp159.46 trillion, representing a 10 per cent growth compared to the previous year’s Rp145.21 trillion. Additionally, net profit reached Rp29.89 trillion, which is 16 per cent above the company’s target.
According to Utama, this achievement is accompanied by contributions distributed to shareholders and stakeholders, including taxes, non-tax state revenue (PNBP), royalties, and dividends, totalling Rp22.6 trillion. “This achievement is tangible proof of MIND ID management’s commitment to ensuring state-owned enterprise management that can provide an optimal contribution to Indonesia,” he said.
MIND ID also held its Annual General Meeting of Shareholders (AGMS) for the 2025 fiscal year on Thursday (11/6). The performance for the 2025 fiscal year reflects the company’s ability to maintain business resilience through adaptive and integrated strategies across all MIND ID Group members, even amidst global and national economic challenges affecting Indonesia’s mining sector.
He emphasised that the company remains consistent in its mandate as a driver of downstreaming to increase economic added value and strengthen the future operational sustainability of the MIND ID Group. He noted that the contribution to state revenue reflects the company’s commitment to its strategic role as a state-owned enterprise strengthening the national economy based on the President’s Asta Cita vision.
“MIND ID consistently executes its mandate as a driver of strategic mineral downstreaming to provide optimal benefits for Indonesia, while realising the vision of ‘MIND ID for Indonesia and the World’,” said Pria.
He added that the company carries out its mandate by upholding good corporate governance (GCG). MIND ID’s financial statements received a “Fair in All Material Respects” opinion from independent auditors at the Public Accounting Firm Purwanto Susanti and Surja (Member of Ernst & Young Global Limited). This opinion reflects management’s commitment to transparency, accountability, and healthy corporate governance.
“We will continue to pursue healthy performance growth and provide added value to shareholders and all stakeholders, because behind every ton of mineral we manage, there is an obligation to provide real benefits to all Indonesian people,” he concluded.