Business · Energy & Commodities · 2 hrs ago
Five Indonesian Mining Permits Said to Hold $300 Billion in Gold and Copper
Indonesia's president was told five mining permits hold reserves valued at Rp 5,400 trillion, or about $300 billion.
Energy Minister Bahlil Lahadalia said the deposits involve gold and copper.
The permits are in West Nusa Tenggara, Papua and other areas that Bahlil did not name.
President Prabowo Subianto described the reserves as proven, based on reserve studies, and said mining was still to come.
He said some Indonesian mining permits have not been used well, and called for stricter checks on future permits.
Officials are now preparing to examine the mineral potential covered by the five permits, but no timeline was given.
Indonesia’s energy minister said five mining permits contain proven gold and copper reserves valued at Rp 5,400 trillion, or US$300 billion.
The permits are in West Nusa Tenggara, Papua and other areas that the minister did not recall.
Officials are preparing to examine the mineral potential of the five permits.
President Prabowo Subianto said the reserves were proven and that mining was the next step.
Prabowo called for stricter selection of mining permit holders and said permits should not be distributed carelessly.
- Who
- Energy Minister Bahlil Lahadalia disclosed the details. President Prabowo Subianto had received the report.
- What
- Five mining permits are reported to hold proven gold and copper reserves valued at Rp 5,400 trillion, or US$300 billion.
- When
- Bahlil spoke on Friday, October 23, 2026. Detik published its report on October 24, 2026.
- Where
- The permits are in West Nusa Tenggara, Papua and other areas in Indonesia.
- Why
- Not stated
This story does not have two clearly opposing sides.
Prabowo received a report about five permits with reserves valued at Rp 5,400 trillion, or US$300 billion.
Bahlil said the permits involved gold and copper and were in West Nusa Tenggara, Papua and other areas.
Detik published its report on the permits and the planned assessment of their mineral potential.
- Permits
- 5 mining permits
- Reported reserve value
- Rp 5,400 trillion, or US$300 billion
- Commodities
- Gold and copper
- Locations named
- West Nusa Tenggara and Papua
- Assessment
- Officials are preparing to examine the mineral potential of the five permits
What people are saying
Copper and gold
I have just received a report that 5 concessions, 5 IUPs out of several hundred IUPs, have proven reserves based on reserve studies valued at Rp 5,400 trillion, US$300 billion, across 5 concessions