Indonesia's Mind ID posts $690m net income

Surging coal and metal prices reverse 2020 losses at mining holding company

20211028 Mind Id

Indonesia's state-owned mining holding company, Mind ID, is seeing profit surge on higher prices for coal. (Source photos by Reuters and screenshot from Mind Id's website) 

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- Indonesia's state-owned mining holding company, Mind ID, on Thursday reported 9.8 trillion rupiah ($691 million) in consolidated net income for the first nine months of the year on the back of surging prices of coal and some key metals.

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