What Mining Industry Indonesia does

Mining Industry Indonesia (MIND ID), legally PT Mineral Industri Indonesia (Persero), is an integrated state-owned mining holding company established in 2017 and headquartered in Jakarta, Indonesia. The company is 100% owned by the Government of Indonesia through the Ministry of State Enterprises (BUMN) and serves as the central coordinating vehicle for Indonesia's strategic mineral resources. MIND ID consolidates majority or significant ownership stakes in six operating mining companies: PT ANTAM (65%, nickel, gold, bauxite), PT Bukit Asam (65.93%, coal), PT Freeport Indonesia (51.2%, copper, gold, silver — operator of Grasberg), PT Indonesia Asahan Aluminium/INALUM (100%, aluminium), PT Timah (65%, tin), and PT Vale Indonesia (34%, nickel matte). Together these subsidiaries span eight strategic commodities — aluminium, bauxite, coal, copper, ferronickel, gold, nickel ore, and tin — covering exploration, production, smelting/refining, and downstream processing.

The operating footprint is anchored by globally significant reserves, including Grasberg (one of the world's largest copper-gold deposits), coal resources of 8.17 billion tonnes, aluminium ingot capacity of 250,000 tonnes/year via INALUM, a ferronickel smelter producing 27,000 tonnes Ni-in-ferronickel/year at Pomalaa, and nickel matte output at Sorowako/Morowali/Pomalaa for stainless steel and EV battery supply chains. MIND ID does not sell directly to end customers; rather, distribution occurs through its subsidiaries' enterprise sales channels to global industrial buyers (steel, electronics, EV battery, construction) and to Indonesia's national industrial ecosystem. Pricing is set by global commodity markets rather than by MIND ID. Beyond commodity operations, MIND ID runs three ancillary platforms: Smart Operation (digitalization of mining processes), OpenMIND (whistleblowing/governance system operated via KPMG), and the XPLORER management trainee program for talent development. Revenue is generated through dividends, royalties, and consolidated subsidiary earnings from commodity sales; no direct revenue disclosure was available in the source materials.

The strategic agenda is centered on downstream value addition — moving from raw ore exports to processed intermediates and finished products (batteries, aluminium, refined gold LBMA-grade) — backed by US$7 billion of Phase-1 downstream project investments inaugurated in early 2026, including integrated battery manufacture and bauxite-to-EV-battery chain development.

Name

Mining Industry Indonesia

Legal name

PT Mineral Industri Indonesia (Persero)

Website

https://mind.id

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

MIND ID is Indonesia's state-owned integrated mining holding company, managing strategic mineral commodities (aluminium, bauxite, coal, copper, ferronickel, gold, nickel, tin) through six member companies, serving global industrial markets and the national industrial ecosystem.

Ownership category

akta.pro rank

Product category

Mining Services

NAICS

Metal Ore Mining (2122), Copper, Nickel, Lead, and Zinc Mining (212230), Coal Mining (2121)

SIC

Metal Mining (1000)

akta.pro primary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

akta.pro secondary industries

Health, Safety & Risk Engineering (Process Safety, HAZOP/HAZID, Emergency Systems) (IMAKAOAO), Project & Construction Management (EPCM, Owner’s Engineer, Scheduling/Controls) (IMAKAOAG)

Keywords

• Mining commodities
• Mineral resources
• Downstream processing
• Strategic minerals
• Integrated mining operations

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Distribution channels1 record

Marketing channels5 records

Core offering

MIND ID is an integrated mining holding company that manages and develops Indonesia's strategic mineral resources through six member companies: PT ANTAM, PT Bukit Asam, PT Freeport Indonesia, PT Indonesia Asahan Aluminium (INALUM), PT Timah, and PT Vale Indonesia. The portfolio spans eight core commodities — aluminium, bauxite, coal, copper, ferronickel, gold, nickel ore, and tin — across the full value chain from exploration and mining to downstream processing and marketing.

Product overview

MIND ID (Mining Industry Indonesia) is an integrated mining holding company that manages and develops Indonesia's strategic mineral resources. The company operates a portfolio of eight core commodities: Aluminium, Bauxite, Coal, Copper, Ferronickel, Gold, Nickel Ore, and Tin. These commodities are managed through six member companies: PT ANTAM (nickel, gold, bauxite), PT Bukit Asam (coal), PT Freeport Indonesia (copper, gold, silver), PT Indonesia Asahan Aluminium (aluminium), PT Timah (tin), and PT Vale Indonesia (nickel). The portfolio spans the mining value chain from exploration and production to downstream processing. Supporting operations include Smart Operation for digital mining excellence, OpenMIND for whistleblowing and governance, and the XPLORER program for talent development.

Differentiator

Problem solved

Functional benefit

Brands

• OpenMIND: Whistleblowing system for reporting violations within the MIND ID environment
• ClearMIND
• XPLORER

Products and services

• Aluminium
• Bauxite (Bauksit)
• Coal (Batu Bara)
• Copper (Tembaga)
• Ferronickel (Feronikel)
• Gold (Emas)
• Nickel Ore (Bijih Nikel)
• Tin Metal and Tin Solder (Logam Timah dan Tin Solder)
• OpenMIND Whistleblowing System
• XPLORER Management Trainee Program

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• PT ANTAM (Persero) TbkcoreOthersMIND ID holds 65% ownership in PT ANTAM which operates in nickel, gold, and bauxite segments. ANTAM manages a ferronickel smelter in Pomalaa, Southeast Sulawesi with capacity of 27,000 tonnes of nickel in ferronikel per year, and operates Indonesia's only gold refining factory with LBMA Good Delivery List Refiner accreditation.
• PT Bukit Asam (Persero) TbkcoreOthersMIND ID holds 65.93% ownership in PT Bukit Asam which operates coal mining, investment, mining services, steam power plants, and coal downstream development. As of December 31, 2018, total mineable reserves were 3.25 billion tonnes with total resources of 8.17 billion tonnes.
• PT Freeport IndonesiacoreOthersMIND ID holds 51.2% ownership in PT Freeport Indonesia which operates copper, gold and silver exploration, mining and processing in Papua. The Grasberg mining area is one of the world's largest copper and gold reserves.
• PT Indonesia Asahan Aluminium (INALUM)coreOthersINALUM is the sole producer of Aluminium Ingots in Indonesia with production capacity of up to 250,000 tonnes per year. Business scope includes alumina production, calcined coke processing, aluminium smelting, and marketing and distribution. MIND ID holds 100% ownership through the Government of Indonesia.
• PT Timah (Persero) TbkcoreOthersMIND ID holds 65% ownership in PT Timah with integrated operations from upstream to downstream including exploration, mining, processing, smelting and marketing. PT Timah is developing low-grade tin processing technology using ausmelt furnace and rare earth mineral processing technology.
• PT Vale Indonesia TbkcoreOthersMIND ID holds 34% ownership in PT Vale Indonesia which manages nickel mining and processing operations in Sorowako, Morowali, and Pomalaa - one of Indonesia's largest nickel-producing areas. PTVI produces nickel in matte as raw material for stainless steel and EV battery industries. Operations utilize renewable hydroelectric power.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Vale S.A. Vale is Brazil's state-affiliated, multi-commodity mining major with the world's largest nickel operations and a sizable copper business. It is the most direct counterparty to MIND ID given overlapping nickel and copper exposure, similar state-influenced governance, and shared focus on EV-battery and steel-industry customers.
• Nornickel (Norilsk Nickel): Nornickel is the world's largest producer of refined nickel and a major supplier of platinum-group metals. MIND ID's expansion of nickel-matte output through ANTAM and Vale Indonesia targets the same EV-battery and stainless-steel customers, making Nornickel the benchmark pure-play nickel peer.
• Freeport-McMoRan: Freeport-McMoRan is MIND ID's joint-venture partner at PT Freeport Indonesia (Grasberg copper-gold mine) and is one of the world's largest copper and gold producers. The comparable scale, copper-centric portfolio, and direct partnership in Grasberg make it a tight functional peer despite MIND ID's state-owned structure.

Broad incumbents

• Aluminum Corporation of China (Chinalco): Chinalco is China's central state-owned aluminium major with integrated bauxite-alumina-smelting operations. It is the most direct state-owned counterpart to MIND ID's INALUM franchise on global aluminium supply, Chinese-OEM off-take, and CBAM-era green aluminium positioning.
• Coal India Limited: Coal India is India's state-owned coal monopoly and the world's largest coal producer. Its sovereign-ownership model, single-commodity scale, and domestic strategic mandate closely mirror Bukit Asam's role inside MIND ID, making it the closest state-owned coal structural peer.
• Anglo American plc: Anglo American is a diversified global miner with exposure to copper, iron ore, platinum-group metals, and diamonds. Its copper-growth-and-downstream narrative and emerging-market operating footprint parallel MIND ID's copper (Grasberg) and nickel strategies, making it a relevant broad-incumbent comparable.
• Rio Tinto Group: Rio Tinto is a top-three global diversified miner with leading positions in iron ore, aluminium, copper, and lithium. Its aluminium franchise (including hydroelectric-powered Canadian smelters) and copper-growth strategy overlap directly with INALUM's and Freeport Indonesia's role inside MIND ID.
• Glencore plc: Glencore is the world's largest diversified commodities miner and trader, with significant exposure to copper, zinc, nickel, coal, and aluminium. It is comparable to MIND ID on multi-commodity trading-and-mining model, end-customer base, and global commodity-cycle leverage.
• BHP Group: BHP is the world's largest mining major by market value, with material exposure to copper, iron ore, and metallurgical/thermal coal. MIND ID's copper-gold (Grasberg) and coal (Bukit Asam) operations compete with and parallel BHP's portfolio, making BHP the most relevant diversified incumbent peer.

Regional players

• PT Adaro Energy Indonesia: Adaro Energy is Indonesia's largest thermal-coal producer and a major domestic competitor to PT Bukit Asam. Both operate within Indonesia's coal value chain, share downstream-coal ambitions, and face the same ESG and export-policy dynamics in the domestic market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/miningindonesia
• Facebookfacebook.com/MiningIndustryIndonesia
• LinkedInlinkedin.com/company/mining-industry-indonesia

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mining Industry Indonesia