Following the separation from its holding company, MIND ID, PT Indonesia Asahan Aluminium plans to launch an initial public offering (IPO). According to Niko Chandra, MIND ID's Head of Institutional Relations, the shareholder (the state of Indonesia) will take corporate action to separate MIND ID from Inalum Operating. MIND ID will be a separate legal entity as a strategic holding company. Additionally, Inalum Operating will resume its role as a full-service operations company.
"In essence, we can say that the process is ongoing. The reorganization is the final form of the mining industry holding company MIND ID, which will be a completely strategic holding company. In addition, Inalum Operating intends to focus on downstream and become a publicly traded company," he told Indonesia Business Post on August 23, 2022.
