Role of MIND ID in Indonesia's Mineral Industry and Economic Development
MIND ID represents state control over Indonesia's mineral resources, enhancing economic benefits. The industry includes key players like Aneka Tambang, Freeport Indonesia, and Vale Indonesia, with a significant focus on nickel and coal production.
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MIND ID oversees various mining companies in Indonesia, including Aneka Tambang Tbk (nickel, gold, silver, bauxite) and Freeport Indonesia (copper, gold, silver). The industry is influenced by private companies and consortia, especially in nickel, where Chinese firms dominate 75% of smelting capacity, concentrated in industrial parks like IMIP and IWIP.
Coal mining remains largely in local conglomerates' hands, with major players like PT Bumi Resources and PT Adaro. Economic analysts suggest Indonesia should enhance its mineral processing capabilities to increase value addition and support sustainable economic independence, as exemplified by China's strategic resource management.
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