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4 State-Owned Mining Companies Are Consolidating in Indonesia

Four mining companies that are owned by the state in Indonesia will synergize to make Indonesian mining industry one of the world’s biggest.

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Four mining companies in Indonesia which are owned by the state will consolidate its assets and resources. They are PT Indonesia Asahan Aluminium, PT Timah, PT Bukit Asam and PT Aneka Tambang. The companies have agreed to develop and improve their resources in a bid to transform the mining sector of Indonesia to become one of the biggest across the world.

PT Indonesia Asahan Aluminium

A committee has been created for one year which can study as well formulate the different business cooperation needed to synergize these four companies. This has been mentioned by Rini Soemarno, the State-Owned Enterprises Minister. Rini stated that the cooperation between these companies will be covering areas such as logistics and procurement, information technology, investment potential, human resources development, mining commodity management, geological exploration and health facilities.

One of the cooperation which is already apparent is the one between Bukit Asam and Aneka Tambang. Bukit Asam can provide electricity for the East Halmahera ferronickel smelter belonging to Aneka Tambang.

Rini has also stated that this consolidation will make it mandatory for all companies owned by the state to process the different mining products from their raw stages to the finished products.

Rini has stated that the manufacturing industry in Indonesia is among the weakest sectors of the country’s economy. On the other hand, the mining sector happens to be one of the strengths. Therefore, even if the prices of the different mining commodities decrease, Indonesia still has a lot of natural resources.

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