Indonesian President Demands 70% of Mining Revenues to Be Owned by the State
By: news.futunn.com|11/14/2026 11:10:17
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Prefer us on GoogleIndonesian President Prabowo Subianto stated that the state should receive at least 70% of the revenues from various mining licenses and, if necessary, hold a controlling interest in mining assets. He emphasized that at least 70% of the revenues generated from all mining licenses should belong to the state. The presidential palace later clarified that the mentioned 70% refers to the revenues generated from mining license operations. Prabowo added that Indonesia welcomes investors in the mining sector, but profits must primarily belong to the Indonesian people.
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