MIND ID Ensures Support Commitment To Downstream Prabowo-Gibran Government

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo. (Photo: DOk. ANTARA)

JAKARTA The Indonesian Mining Industry Holding BUMN, MIND ID, ensures that it will support an aggressive economic performance improvement program through downstreaming of the mineral and coal industry, in line with the vision of the President of the Republic of Indonesia Prabowo Subianto and Vice President Gibran Rakabuming Raka.

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo said, the governments of Prabowo and Gibran focused on improving more aggressive economic performance.

"Hilirisasi mampu menstimulasi investasi, yang menjadi motor utama dalam pertumbuhan ekonomi di masa depan," ujar Dilo yang dikutip Kamis, 24 Oktober.

According to him, the vision and mission carried out by the President and Vice President-elect is in line with the downstream roadmap that has been carried out by MIND ID.

"We are grateful that the President and Vice President have a vision to continue downstreaming. This is in line with MIND ID, which is indeed assigned as a driver of downstreaming and industrialization of the mineral and coal sectors," he added.

Dilo also emphasized that the downstreaming and industrialization carried out by MIND ID focuses on developing an electric vehicle battery ecosystem (EV Battery).

MIND ID proactively establishes strategic cooperation at the global level to attract investments that have optimal returns in the future.

"With the entry of investment into Indonesia, employment will increase, added value will increase, and equitable economic growth can be achieved more quickly," he said.

The commitment to downstream the MIND ID Group was realized through the operation of a number of smelter facilities for both copper and bauxite as well as the development of other commodity downstream projects.

First, the copper concentrate refining plant owned by PT Freeport Indonesia (PTFI) in Manyar, Gresik, East Java with an investment value of around IDR 58 trillion.

The copper smelter with the world's largest single line design is able to purify the copper concentrate with a input capacity of 1.7 million tons of concentrate and produce copper cathodes of around 650,000 tons per year, producing 50 tons of gold and 210 tons of silver.

Second, the Smelter Grade Alumina Refinery (SGAR) Phase 1 in Mempawah, West Kalimantan. Smelters with an investment of around IDR 16 trillion will absorb around 3.3 million bauxite ore per year by producing 1 million tons of alumina as raw material for aluminum.

Dilo ensured that MIND ID was committed to continuing investment in SGAR Phase 2 which would later strengthen alumina production capacity and be equipped with a smelter factory to produce aluminum so that it could become the backbone of the country's bauxite downstream.

Next year, MIND ID Group has several champion programs ranging from aluminum smelter expansions, chemical tin and tin sollier capacity expansions, to the development of lead primary block #1 and block #1.

Just so you know, in his inauguration speech, President Prabowo emphasized the importance of increasing the added value of commodities through downstream policy to improve the welfare of the community.

"In ensuring true prosperity for all people, we must ensure that downstreaming is applied to all our commodities," said Prabowo at the MPR/DPR Building, Sunday, October 20.

The President also emphasized that the added value of mineral and coal commodities must be felt by all levels of society.