Budi Gunadi Sadikin has today been appointed as new chief executive officer (CEO) for aluminium producer company PT Indonesia Asahan Aluminium (Inalum), replacing Winardi. Budi Sadikin is former CEO of Bank Mandiri (BMRI). While Inalum is set to be holding company for state companies engaging in mining business. Inalum will hold 60% shares in coal miner Bukit Asam (PTBA), tin miner Tambang Timah (TINS) and gold miner Aneka Tambang (ANTM). Inalum will also hold the part of 51% shares in copper and gold producer PT Freeport Indonesia.