Key facts
- Prabowo said at least 70% of all mining permits must benefit the state, without setting a deadline or naming affected companies.
- The presidential palace said the 70% refers to proceeds from management of mining permits.
- Prabowo said Indonesia remains open to mining investors but that profits must predominantly go to Indonesians.
- Energy Minister Bahlil Lahadalia said in June that a 70/30 output gross-split proposal had been dropped.
Indonesian President Prabowo Subianto said on November 14 that the state should secure a greater share of benefits from all mining permits and, if necessary, hold controlling stakes in mining assets. In a speech to members of Muhammadiyah, one of Indonesia's largest Islamic groups, he said at least 70% of all mining permits must benefit the state and that shares should be state-controlled where necessary.
A statement from the presidential palace said the 70% the president stipulated referred to the proceeds from management of mining permits, rather than to a share of output. Prabowo also said Indonesia was open to investors in the mining sector but that profits must predominantly go to the Indonesian people.
Earlier in 2026, several local media outlets reported, citing Deputy Energy Minister Yuliot Tanjung, that officials had discussed having the mineral and coal sector adopt a gross-split scheme under which 70% of output would go to the government and 30% to the mine operator. Energy Minister Bahlil Lahadalia later said in June that the proposal had been dropped following consultations with Prabowo.