Prabowo Instructs That 70 Percent of Mining Revenue Should Benefit the State

JAKARTA, KOMPAS.com - Indonesian President Prabowo Subianto has called for at least 70 percent of mining revenues in Indonesia to be enjoyed by the state.

He even opened the option for the government to take control of mining company shares to ensure that the benefits of resource management are more widely shared among the Indonesian people.

"I have instructed the ministers, especially the Minister of Energy and Mineral Resources. Starting now, for all mining permits, at least 70 percent must be enjoyed by the state," Prabowo stated during his speech at the Opening of the Tanwir and the 114th Anniversary of Muhammadiyah in Palu, Central Sulawesi, on Saturday (14/11/2026).

He mentioned that the government may take over shares in mining companies if necessary.

According to Prabowo, investors can still invest if the government requires additional capital for mining operations.

However, he emphasized that once investors have recouped their capital, the majority of the profits must be retained by the Indonesian people.

"If necessary, let’s control the shares. If not, because we need capital, we may accept their investments. They will get their capital back, but after that, the majority of the profits should belong to the Indonesian nation," Prabowo reiterated.

He believes this policy will benefit the country in the coming months.

"We have established this, and I am confident we will feel the benefits within a few months," he said.

In addition to regulating mining revenues, Prabowo also outlined government policies regarding export oversight.

He stated that all export activities must now go through a single channel, namely the agency appointed by the government.

According to Prabowo, this policy aims to prevent manipulation of export quantity reports.

"All exports must now go through one channel, that is through the agency we designate, so that the country can no longer be deceived," he asserted.

Prabowo cited the practice of reporting exports that do not match the actual quantity of goods.

He firmly stated that companies must not report lower export quantities than the actual goods shipped.

"If the export is 100 tons, then report 100 tons. Do not report 100 tons when only 50 tons or 30 tons were actually shipped," Prabowo clarified.