Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

Economics & Macro

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Reza Pahlevi 08/04/2022 09:00 WIB

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Indonesia's state-owned mining companies (BUMN pertambangan) recorded revenue of Rp93.75 trillion in 2021.

MIND ID Mining State-Owned Enterprises Holding Company's Revenue and Net Profit (2019-2021)

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Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

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MIND ID Mining State-Owned Enterprises Holding Company's Revenue and Net Profit (2019-2021)

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Indonesia's state-owned mining holding company, Mining Industry Indonesia (MIND ID), recorded revenue of Rp93.75 trillion (approximately US$6.3 billion) in 2021. This represents a 40% increase compared to Rp66.57 trillion (approximately US$4.5 billion) in 2020.

MIND ID's main revenue contributors were coal (32%), gold (28%), tin (13%), aluminum (9%), ferronickel (7%), nickel ore (5%), and others (6%).

This revenue increase resulted in a 687% surge in MIND ID's net profit to Rp14.33 trillion (approximately US$9.7 billion) in 2021. In the previous year, MIND ID recorded a net profit of only Rp1.82 trillion (approximately US$1.2 billion).

This mining BUMN holding company was first established in 2017. Initially, PT Indonesia Asahan Aluminium (Persero) or Inalum was appointed as the parent company holding majority shares in PT Aneka Tambang Tbk, PT Bukit Asam Tbk, PT Timah Tbk, and PT Freeport Indonesia.

The holding company then transformed into MIND ID on August 17, 2019. The creation of MIND ID aimed to differentiate Inalum's function as a holding company from its own operational activities.

(See also: [There were 119 corruption cases in SOEs during the 2016-2021 period](https://databoks.katadata.co.id/datapublish/2022/03/28/ada-119-kasus-korupsi-di-bumn-periode-2016-2021))

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

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Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

Indonesia's state-owned mining holding company MIND ID recorded a net profit of Rp14.33 trillion in 2021.

Tags

Related Data

Prevalence of Food Consumption Inadequacy in West Bandung Decreased by 1.23% in the Last Year

20.04 Thousand Jayawijaya Regency Residents are Junior High School Graduates by End of 2024

Ministry of Environment and Forestry Finds 150 Hotspots in Indonesia, Most in North Maluku (Friday, December 5, 2025)

Average Length of Schooling for Bandung City Residents Reaches 11.41 Years in 2025

South Sumatra's Air Quality This Morning (5/12) is the Worst in Indonesia

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