Jakarta, October 20, 2025 – The participation of Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI), both part of the Danareksa State-Owned Enterprises (SOE) Holding, in Minerba Convex 2025 marks an important milestone in strengthening governance and competitiveness in Indonesia’s commodity trading landscape.

With more than 700 visitors attending their booth and talk show sessions, public and stakeholder enthusiasm reflected the growing attention toward JFX and KBI’s efforts to establish a transparent, credible, and globally recognized tin trading system.

At the exhibition, JFX showcased its latest achievements and innovations in tin trading, while also introducing its expansion roadmap into other strategic commodities—ranging from minerals and coal to energy, agriculture, and precious metals. This initiative is part of a broader product diversification strategy and aims to strengthen Indonesia’s mineral and coal (minerba) industrial value chain.

The participation aligns with the national Minerba One program initiated by the Ministry of Energy and Mineral Resources (ESDM). Minerba One, through MODI (Minerba One Data Indonesia) and MOMI (Minerba One Map Indonesia), enhances traceability, transparency, and industry supervision, while supporting state revenue. All members of the JFX–KBI Tin Exchange have reported their transactions to MODI, ensuring alignment with the government’s goal of building an integrated mining governance system.

“The participation of JFX and KBI in Minerba Convex 2025 is our response to market challenges, from price volatility and transparency needs to global competitiveness,” said Yazid Kanca Surya, President Director of JFX. “The Tin Exchange we operate has proven that trading activities are transparent, credible, continuously supervised, and produce competitive prices. Our commitment is to deliver added value to the industry, support downstream development, and expand into other mining commodities.”

Since 2019, JFX and KBI have recorded over 300,000 tons of tin traded, with a total value reaching USD 8 billion, involving more than 60 active market participants. In 2024, over 95% of national tin transactions, both domestic and export, were conducted through JFX and KBI—cementing their position as key pillars in the global supply chain.

“KBI plays a crucial role in maintaining financial integrity through clearing and settlement guarantee services across the futures trading ecosystem. Together with JFX, we continue to enhance our clearing and guarantee services in the mineral and coal sector by adopting reliable, transparent, and trusted information systems and digital solutions,” explained Budi Susanto, President Director of KBI.

During the Minerba Convex 2025 talk show, Bappebti, as the supervisory authority for futures trading, emphasized that tin trading through JFX contributes to strengthening export governance, reducing illegal practices, and increasing state revenue.

“The efforts of JFX and KBI to reinforce governance in the mineral and coal trade demonstrate a real contribution toward transforming Indonesia’s commodity market into a globally competitive system. Bappebti fully supports these initiatives as part of the increasingly integrated ecosystem of Indonesia’s strategic commodities,” stated Ima Siti Fatimah, Head of the Bureau of Development and Promotion of Futures Commodity Trading at Bappebti.

Bappebti also highlighted the importance of encouraging market participants to conduct hedging activities domestically. This initiative can be further strengthened through the involvement of liquidity providers, including the collaboration between JFX and Onyx Capital Group, to improve market liquidity and national trading competitiveness.

In addition to their booth and talk show participation, JFX President Director also served as a discussant in a breakout session themed “The Contribution of Mining to National and Regional Development.” In this session, he underlined the importance of downstream development and the presence of exchanges in producing countries, to ensure that value-added from commodities such as tin, nickel, and CPO remains within Indonesia.

“At the Exchange, we are committed to launching relevant futures products while ensuring their downstream processes stay in Indonesia. This way, the added value and business chain can grow domestically, strengthening the industry’s contribution to the national economy,” said Yazid Kanca Surya.

The participation of JFX and KBI in Minerba Convex 2025 reflects multi-stakeholder synergy in addressing industry challenges and building a resilient, credible, and adaptive commodity trading ecosystem that supports sustainable energy transition.