Prabowo Reveals Five Mining Concessions With Proven Reserves Worth Rp 5,400 Trillion

JAKARTA, KOMPAS.com - President Prabowo Subianto revealed the existence of five mining concessions with proven reserves valued at Rp 5,400 trillion.

This figure was obtained from a study adhering to the resource and reserve reporting standards of the Joint Ore Reserve Committee (JORC).

"There are five concessions, five IUPs (mining business permits). Of the several hundred IUPs, these five have proven reserves based on a study, called JORC, that amounts to Rp 5,400 trillion," Prabowo stated during his speech at the opening of the National Coordination Meeting (Rakornas) of the Regional Financial Access Acceleration Team (TPAKD) at JIExpo, Jakarta, on Thursday (22/10/2026).

Upon hearing this from Prabowo, attendees at the TPAKD Rakornas in JIExpo applauded.

However, Prabowo halted the applause, noting that wealth does not automatically benefit the community.

"Don’t applaud too quickly, because the wealth is still underground. But what I mean is that our country is very rich. Now it depends on us, the government," Prabowo remarked.

On this occasion, Prabowo cautioned against easily granting mining concessions to parties that are not capable of managing them.

He stated that he receives reports of concessions that have yet to be developed, even after being granted for decades.

"We must be meticulous in ensuring that those we entrust with concessions truly possess the capability to operate them. The problem is that many of our concessions have been granted for decades without being worked on. This is what we are currently organizing," Prabowo emphasized.

Prabowo asserted that Indonesia's economic strength should be felt by all elements of society in a tangible way.

Furthermore, he added that the economic trajectory of Indonesia must enhance the welfare of its people.

According to him, both the central and regional governments must fully understand their responsibilities to the community.

"The government works for the people. Therefore, we should not be too quick to distribute concessions," Prabowo concluded.