Indonesia has a strategic position as one of the countries with strong dominance in the upstream industry thanks to its natural resources and large mineral and coal reserves.With these conditions, the Indonesian mining Industry Holding BUMN MIND ID believes that Indonesia is capable of making various significant leaps to strengthen economic performance growth in the future.Based on data from the Central Statistics Agency, the growth of gross domestic product (GDP) in the mining and excavation business sector in 2023 was recorded at 7.46% YoY. Until the third quarter of 2024, GDP growth in the mining and excavation business sector reached 5.23% c-to-c and became one of the sectors that drove the growth of national economic performance.MIND ID Corporate Secretary, Heri Yusuf, said that Indonesia has global scale mineral production capabilities. Indonesia's leading mineral production such as tin contributes 21.1% of world production, nickel 54.9%, copper 4.3%, bauxite 3.42%, and cobalt 8.4%.Indonesia is able to meet domestic and global mineral and coal needs which are predicted to continue to increase rapidly, especially to support the development of energy transition ecosystems such as the electric vehicle industry, energy storage batteries, solar panels, and advanced technology ecosystems such as the semiconductor industry and its derivative metals."MIND ID as an extension of the government in managing minerals and coal will continue to support the management of mineral reserves professionally, so that Indonesia is able to optimize its natural resources as a driving force for stronger economic growth," he said.Heri added that the MIND ID Group, which consists of PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Indonesia Asahan Aluminium, PT Timah Tbk, and PT Vale Indonesia Tbk, consistently strengthens exploration and production of mining minerals to maintain and improve Indonesia's position in the global mineral market.Through downstream projects that continue to be developed for minerals such as bauxite, copper, nickel, tin, and coal, the MIND ID Group completes the supply chain of derivative mineral products needed by industries supporting the energy transition and advanced technology."The potential for developing natural resources as a driving force for future economic performance is enormous. We are ready to provide quality mineral raw material products needed by the manufacturing industry, especially from within the country, in order to provide a greater multiplier effect for the national economy," he concluded.
Source https://djakarta-miningclub.com