Jakarta, - State-owned enterprises holding the mining industry MIND ID became the best company in the national mining industry according to Fortune 500 Southeast Asia.

The company consisting of PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA), PT Freeport Indonesia (PTFI), PT Indonesia Asahan Aluminum (Inalum), PT Timah Tbk (TINS), and PT Vale Indonesia Tbk (INCO) also became the company with the 10th largest revenue in Indonesia and 43rd in all of Southeast Asia.

Fortune Southeast Asia 500 is a ranking event for the top 500 companies in Southeast Asia. Overall, Indonesia dominates the list with 110 companies. Then, followed by Thailand with 107 companies, Malaysia 89 companies, Singapore (84), Vietnam (70), Philippines (38) and Cambodia as many as two companies.

MIND ID Corporate Secretary Heri Yusuf said the achievement was the result of the positive performance achieved by the holding throughout last year, where net profit touched IDR 27.5 trillion, growing 22.4% from the 2022 financial year.

As a group, MIND ID has produced at least 41.9 million tons of coal, 15,300 tons of tin ingot, 214,900 tons of aluminum, 13.44 million tons of nickel, 21,500 tons of ferronickel, 2.01 million tons of bauxite, and 1.2 tons of gold.

The positive pace, he said, was the result of the holding strategy in increasing added value in all mining mineral commodities managed by the MIND ID Group ranging from nickel, bauxite, tin, copper to gold. All critical and strategic commodities are managed effectively, efficiently and sustainably by holding members.

"The highest appreciation for all MIND ID holding members who have been able to get through a challenging year very well so that they become the main contributors to the achievement of MIND ID's brilliant 2023 revenue, so that they can become Indonesia's best mining company according to Fortune South East Asia 500," he said, Friday (12/7/2024).

Heri explained, MIND ID continues to encourage efforts to accelerate the implementation of various strategic projects through improving project governance, increasing competence and meeting HR needs, as well as standardizing project implementation.

The MIND ID Group, he said, is also actively mapping reserves and developing strategies to increase the added value of mineral and mining reserves comprehensively so that the control of national reserves by MIND ID can be increased even more significantly.

"All of these efforts show our commitment to fulfill the commodity supply chain in order to create added value from mineral and mining resources in Indonesia," he said.