Indonesia’s State-Owned Mining Industry Holding, MIND ID, supports the government's strategic steps to encourage national economic growth of up to 8 percent through optimizing investment in the mineral and coal sectors.One of his efforts is to prepare a number of strategic projects that have the potential to cooperate with the Anagata Nusantara Investment Management Agency (Danantara).The investment value of MIND ID's downstream strategic project reached 14.3 billion US dollars consisting of Smelter Grade Alumina Refinery Phase 2 in Mempawah, Aluminum Smelter Expansion in Mempawah, Copper Smelter Industry in Gresik and EV Battery Ecosystem in Halmahera.Director of Portfolio and Business Development MIND ID, Dilo Seno Widagdo said, the strength of national economic growth in the future really rests on Indonesia's ability to accelerate strategic investment in the productive sector.According to him, the role of Danantara as Indonesia's sovereign wealth fund is very crucial to encourage superior projects, especially in the natural resource-based manufacturing industry sector.MIND ID has a number of long-term investment plans that are very effective at having an impact on increasing Indonesia's stronger economic growth."We believe, through Danantara, these strategic projects can find the right partners while at the same time encouraging higher quality economic growth," he said, Tuesday, April 22.Dilo emphasized that Indonesia's mineral and coal sectors still have a large growth space.For example, MIND ID as the manager of national strategic commodities has a strong position in the upstream sector, and has maximized the added value of coal minerals and reduced dependence on exports of raw minerals.On the mid-stream side, the MIND ID Group has also produced various mineral products such as aluminum, copper, gold, and tin that match global industrial needs, especially for the electric vehicle sector and energy transitions.However, Dilo stressed that MIND ID realizes that further production capacity increases are needed to respond to increasing domestic and international demand.With efforts to integrate supply chains in the domestic industrial sector that are getting better in Indonesia, Dilo added that domestic demand for mineral products will increase and further enlarge the expansion space for production capacity for the MIND ID Group.Dilo added that MIND ID has also mapped potential projects, and has in-depth calculations regarding capital expenditure and projection returns on investment."We from the MIND ID side have sufficient capital capabilities, but we still hope that there will be partnerships that may later be an evaluation for Danantara in the future," he added.
Source https://djakarta-miningclub.com