Minister of State-Owned Enterprises Erick Thohir, as the government's representative shareholder, appointed Fuad Bawazier as the President Commissioner of MIND ID, replacing the late Doni Munardo. In addition to Fuad Bawazier, the government also appointed Grace Natalie Louisa, the founder of the Indonesian Solidarity Party (PSI), as a member of the board of commissioners. MIND ID's President Director, Hendi Prio Santoso, stated that the appointment decision was one of the outcomes of the Annual General Meeting of Shareholders (AGM) of MIND ID. The shareholders also approved Pamitra Wineka as an Independent Commissioner.

According to information from its official website, MIND ID was first established in 2017. This Mining Industry Holding was formally formed using PT Indonesia Asahan Aluminium (Persero) or INALUM as the parent company. The shareholders of MIND ID are three of the largest mining industry companies in Indonesia, namely PT Aneka Tambang Tbk (Antam), PT Bukit Asam Tbk (PTBA), PT Timah Tbk.

In the performance of 2023, MIND ID reported a net profit growth of 22.4 percent from the achievement of the 2022 fiscal year, with a value of Rp27.5 trillion. The net profit obtained by this company is 36.3 percent higher than the 2023 Work Plan and Company Budget (RKAP) target. MIND ID's EBITDA realization reached Rp40.3 trillion, growing 9.7 percent compared to the 2022 fiscal year and higher by 58.7 percent from the RKAP 2023.

Total assets managed by MIND ID were reported to have increased by 13 percent YoY to Rp259.2 trillion and were followed by an equity increase of 18 percent YoY to Rp129.6 trillion. For mining production, MIND ID reported producing 41.90 million tons of coal, 15,300 tons of tin ingots, 214,900 tons of aluminum, 13.44 million tons of nickel, 21,500 tons of ferronickel, 2.01 million tons of bauxite, and 1.2 tons of gold from January to December 2023.