Boosting Downstream for EV Feedstock, MIND ID Ensures Enough Reserves

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo (ist)

JAKARTA BUMN Mining Industry Holding, MIND ID, ensures that mineral reserves are sufficient to ensure the sustainability of the downstream program in Indonesia.

This is especially important in line with the increasing need for raw materials for the electric vehicle battery industry (EV) which is projected to continue to grow in the future.

Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo, emphasized the crucial role of MIND ID in becoming the backbone of national downstreaming and the establishment of an electric vehicle ecosystem.

Meanwhile, MIND ID Group has copper reserves that function as electricity deliveryer of 13.1 million tons-Cu, and nickel as a horizontal cathode of 1,330 million wmt. There is also lead as solder material of 338,000 tons-Sn, bauxite as a frame & casing of 121.7 wmt WBX, and coal as an anode (carbon) material of 2.9 billion tons.

Dilo said that MIND ID implemented a Reserve Replacement Ratio or reserve replacement ratio strategy, to ensure that each mineral exploited could be replaced with a new reserve through an organic exploration process.

"This is a form of our commitment to supporting sustainable downstreaming while maintaining the resilience of Indonesia's strategic industry in the future," said Dilo, Saturday, November 2.

In addition to the exploration of new minerals, Dilo said, MIND ID also views the importance of developing recycled mineral for the future of the mining and manufacturing sectors.

For example, PT Indonesia Asahan Aluminum (IAA), a subsidiary of Inalum, a Member of MIND ID, is now producing the Billet Aluminum Reccycle which uses up to 30 percent of recycled aluminum molten as raw material, to support sustainability.

"Of course, as a company that has a vision to become a world-class company, we have formulated these strategic steps, and we hope to be a long-term solution for the country's mining and manufacturing industry," said Dilo.