Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

MIND ID Promotes Mining Downstreaming and National Economic Growth

MIND ID

Fri 20 Dec 2024, 16:23 PM

Share

Events

MIND ID can serve as a reference for national mining companies in implementing downstreaming programs that contribute significantly to economic growth.

Under the leadership of President Director Hendi Prio Santoso, MIND ID is committed to carrying out the mandate of mineral downstreaming in an integrated manner.

This effort drives the increase in added value for mining products such as coal, contributing to economic growth towards Indonesia Gold 2045.

At the Kumparan Award Impact Makers 2024 event, Hendi Prio Santoso received the Impact on Downstream Industry Leadership award on Thursday (December 19, 2024).

This award was given in recognition of his achievements in realizing strategic projects, such as the construction of the copper smelter for PT Freeport Indonesia in Gresik, the Smelter Grade Alumina Refinery (SGAR) in Mempawah, and the collaboration between ANTAM and Freeport in gold management.

MIND ID has also strengthened the electric vehicle battery industry ecosystem as part of the national energy transition.

In addition to supporting national policies, this initiative has had a positive impact on the company's financial performance. MIND ID’s profit increased from IDR 1.82 trillion in 2020 to IDR 14.32 trillion in 2021.

The profit continued to grow, reaching IDR 22.49 trillion in 2022, and rose by 22.4% to IDR 27.5 trillion in 2023.

As one of the world’s leading mining companies, MIND ID plays a strategic role in supporting national economic growth and the achievement of Indonesia's Vision 2045.

On this occasion, Hendi Prio Santoso urged industry players to optimize the strategic mineral potential that Indonesia possesses, particularly for the development of the electric vehicle battery ecosystem.

"The mineral and coal mining industry in Indonesia has a huge opportunity for development. We invite manufacturing industry players to take advantage of this potential to create greater added value for the national economy," said Hendi in a press release on Friday (December 20, 2024).

Image source: MIND ID

Source Link: https://industri.kontan.co.id/news/mind-id-dorong-hilirisasi-pertambangan-dan-pertumbuhan-ekonomi-nasional

Advertisement

Relate News

News
20 Oct 2023, 08:00 AM

Government prioritized a number of Coal and Mineral Policies

EmitenNews.com
2585 Views
News
03 Jan 2023, 08:00 AM

Zero Percent Royalty for Coal Downstreaming

industri.kontan.co.id
3206 Views
News
17 Jan 2024, 12:00 PM

Huayou commits to full nickel industry value chain development in Indonesia

ANTARA PHOTOS/Asep Fathulrahman
5959 Views
News
13 Oct 2023, 12:00 PM

National Coal Production in 2023 Potentially Exceed Target

KONTAN/Muradi
3020 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.