MIND ID's 2025 downstream push turned mineral ore into Rp159.46 trillion, and Rp92.56 trillion of it flowed back to the state

What happened

State mining holding company MIND ID, together with its subsidiary PT Aneka Tambang Tbk (ANTAM), used a journalism outreach event at Universitas Indonesia's Science Techno Park in Depok on 11 to 13 September to present a figure it wants government, media and the public to sit with: Rp159.46 trillion in group revenue for 2025, of which Rp92.56 trillion flowed back to the state as tax, non-tax state revenue (PNBP) and dividends.

The occasion was the sosialisasi, or public briefing, for MediaMIND 2026, the sixth edition of a joint journalism writing competition run by state news agency ANTARA, MIND ID and ANTAM under the theme "Dari Bumi untuk Kedaulatan Negeri" ("From the Earth for National Sovereignty"). Wisnu Danandi Haryanto, Corporate Secretary of ANTAM, and Pratiwa Dyatmika, Department Head of Corporate Communication at MIND ID, presented the figures alongside Chairul Hudaya, Director of Innovation and High-Impact Research at Universitas Indonesia, and Syarif Abdullah, Head of ANTARA's Jakarta Support Bureau.

The competition itself is a secondary detail. What matters for Sirkularium's audience is the underlying claim MIND ID chose to lead with in a room full of journalists: that mineral value is created downstream, not at the mine mouth, and that this value is measurable in trillions of rupiah that reach the state treasury rather than staying with a single company's balance sheet.

The numbers behind the claim

MIND ID's Rp159.46 trillion in 2025 group revenue spans the full portfolio of state-controlled mining subsidiaries under the holding, including ANTAM's nickel, gold and bauxite operations. Of that revenue, Rp92.56 trillion, roughly 58 percent, was reported as flowing to the state through three channels: corporate and other taxes, PNBP (non-tax state revenue specific to the minerals and coal sector), and dividends paid to the government as shareholder.

Wisnu framed the logic behind the figure directly: mineral value, he said, only truly emerges when ore is processed further, benefiting society through new industries and regional economic growth rather than through the sale of raw material alone. He pointed to two concrete downstream chains as illustrations. Bauxite, processed into alumina and then aluminum, multiplies in value many times over compared with raw ore sold for export. Nickel, converted into materials for electric vehicle battery supply chains, follows the same logic: each additional processing step captures value that would otherwise accrue to a buyer overseas.

Alongside the financial figures, MIND ID reported two environmental metrics for the same period: more than 7.48 million trees planted and over 7,800 hectares of post-mining land reclaimed to date across the group's operations. Wisnu placed these figures next to the revenue numbers deliberately, framing them as two sides of the same balance sheet rather than as an afterthought to the financial results.

"Ukuran keberhasilan pertambangan bukan hanya apa yang dapat dihasilkan hari ini, tetapi juga manfaat yang dapat kita tinggalkan bagi masyarakat, lingkungan, dan generasi mendatang," Wisnu said, meaning that the measure of mining's success is not only what it produces today, but the benefit it leaves for society, the environment, and future generations.

Why it matters

For an audience of government and public institutions, the significance of this briefing is less about the specific rupiah figures, which will be finalized in MIND ID's audited annual report, and more about the framing choice. A state mining holding standing in front of journalists chose to present downstream value creation and environmental reclamation as a single, joint metric of success, rather than treating profitability and environmental performance as separate, competing stories.

That framing lines up closely with the direction Indonesia's mineral and coal policy has been taking through 2026: a repeated emphasis, echoed separately by the Directorate General of Minerals and Coal at industry events earlier in September, that the national priority is shifting from how much ore is extracted to how much value is created and retained domestically from that extraction. MIND ID's figures give that policy direction a concrete, company-level data point rather than leaving it as an aspiration.

The reclamation figure of 7,800-plus hectares is also worth reading carefully rather than taking as a finished achievement. It represents cumulative land reclaimed to date across a large, multi-commodity group, not a single year's performance, and it is reported by the company itself rather than independently verified through satellite monitoring or third-party audit at this stage. That is not a criticism of the figure; it is simply a reminder of where the measurement frontier still sits.

What comes next

MediaMIND 2026's journalist submission window runs through 17 September 2026, with entries from the general public, academics and observers accepted through 25 October. The five competition subtopics, economics and investment, ESG and green mining, downstream industrialization, community social contribution, and transformation and innovation, mirror almost exactly the areas where Sirkularium's own advisory work sits. Finalists will be announced in early October, with judging continuing through the end of the year.

Separately, MIND ID's full 2025 annual report, expected in the coming months, will offer an opportunity to see the Rp159.46 trillion and Rp92.56 trillion figures broken down by subsidiary and commodity, and to compare the 7,800-hectare reclamation figure against the specific post-mining plans (Rencana Pascatambang) each operating unit has filed with the Ministry of Energy and Mineral Resources.

Sirkularium's view

The figures MIND ID presented this week are a useful public data point precisely because they put a rupiah value on both sides of mining's ledger, revenue captured and land restored, in the same breath. That is the instinct Sirkularium encourages government counterparts and mining operators to build into standing practice rather than reserving for a journalism outreach event: publishing downstream value-creation figures alongside environmental performance figures, on a comparable footing, on a recurring basis.

The natural next step is independent verification. A reclamation figure such as 7,800 hectares carries far more weight, for compliance purposes with the Ministry of Environment and Forestry and for public confidence alike, when it is cross-checked against GIS and remote-sensing data on actual land cover and ecosystem condition, rather than reported as a company total alone. Sirkularium's economic valuation work for mining and resource-sector clients is built around exactly this pairing: combining ground data and satellite mapping with established methodology, including the environmental economic loss and recovery cost framework under Ministerial Regulation No. 7 of 2014, to produce a valuation that regulators, financiers and the company itself can rely on. Companies that adopt this as ongoing practice, rather than as a response to a specific incident or audit finding, are better positioned to demonstrate their environmental record and to defend the economic case for continued downstream investment.