MIND ID Boosts Operations and National Mining Downstream Development
22 Aug 2025, 10:22 AM
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Amidst the uncertain global economic climate and geopolitical dynamics impacting the industrial sector, issuers within the Indonesian Mining Industry Holding (MIND ID) have demonstrated resilience. Through the first half of 2025, several entities under MIND ID have achieved solid operational results, while ensuring that the mineral downstreaming agenda remains aligned with the national strategic direction.Four companies within the MIND ID group—PT Aneka Tambang Tbk. (ANTM), PT Bukit Asam Tbk. (PTBA), PT Vale Indonesia Tbk. (INCO), and PT Timah Tbk. (TINS)—reported positive performance. The contributions of each issuer not only demonstrate business achievements but also emphasize the holding company's role as a key driver of transformation in the mining industry in Indonesia.Antam Sets Record Gold SalesOne of the most notable achievements came from PT Aneka Tambang Tbk. (Antam). The company successfully recorded the highest gold sales record in history, namely 29,305 kilograms. Furthermore, Antam also recorded nickel ore sales volume reaching 8.20 million wmt with production of 9.10 million wmt. Ferronickel products sold amounted to 5,763 TNi, bauxite 1.03 million wmt, and Chemical Grade Alumina (CGA) 91,109 tons.Antam is continuing its development of a strategic electric vehicle ecosystem project with Indonesia Battery Corporation and international partners. This project marks a significant step in strengthening the added value of minerals while simultaneously encouraging resource-based industrialization in the country.PTBA Strengthens Energy SecurityPT Bukit Asam Tbk. (PTBA) also made a significant contribution. Throughout the first half of 2025, the company recorded coal production of 21.73 million tons, a 16% increase compared to the same period the previous year. Sales volume also increased 8% to 21.62 million tons.This achievement further confirms PTBA's position as the backbone of national energy security. Furthermore, the company continues its downstreaming agenda, including a project to process coal into Dimethyl Ether (DME) and develop synthetic graphite for future energy product diversification.Timah Optimizes Production Amid ChallengesPT Timah Tbk. (TINS) also consistently delivered positive performance, despite weather challenges and other external factors that frequently hampered production. Throughout the reporting period, the company produced 6,997 tons of tin ore and 6,870 metric tons of tin metal, with sales reaching 5,983 metric tons.To maintain stability, TINS is optimizing its fleet by expanding its fleet, securing Mining Business Permit (IUP) areas, and transforming its business processes. These measures are expected to support production continuity and strengthen competitiveness in the global market.Vale Maintains Production ConsistencyPT Vale Indonesia Tbk. (INCO) recorded nickel matte production of 35,584 tons in the first half of 2025. While not a drastic increase, this performance remained stable and contributed positively to revenue. The average selling price in the second quarter of 2025 reached USD 12,091 per ton, a 1.33% increase compared to the previous quarter.The price increase provides an additional boost to financial performance, while keeping the company's growth trend on track.Holding Synergy, Maintaining Downstream MomentumMIND ID Corporate Secretary, Pria Utama, emphasized that the subsidiary's operational achievements demonstrate that the holding company's strategy is on track. He stated that the solid performance achieved in the first half of this year not only provides short-term benefits but also strengthens the foundation for long-term downstreaming."We are grateful that our role as a driver of downstreaming has been successfully implemented and we hope that operational performance growth will continue and even improve in the future," he said.Furthermore, Pria emphasized that the mining industry continues to face global challenges impacting mineral demand. Therefore, MIND ID is utilizing product diversification and sustainable efficiency as key strategies to maintain revenue resilience."We also continue to strengthen integration to optimize every growth opportunity, ultimately ensuring we can continue to make a real contribution to the country and our shareholders," he added.Downstreaming as a Strategic DirectionThe solid performance of Antam, PTBA, Timah, and Vale is inextricably linked to their ongoing downstreaming strategy. This initiative allows for added value from mineral commodities domestically, while simultaneously opening up new industrialization opportunities, resulting in job creation, increased foreign exchange earnings, and national economic independence.With a clear policy direction, MIND ID ensures that downstreaming is not just jargon, but a real practice that brings direct benefits to the economy and wider society.
