According to Hadi in Jakarta, on Friday, the president expected Danantara, Indonesia's sovereign wealth fund, to set up the state company to "manage our minerals, specifically our strategic minerals".
The minister said the government has marked mining areas to be managed by Perminas, including the Martabe gold mine in North Sumatra, which was managed by PT Agincourt Resources, whose operating license recently revoked over suspected regulatory violations.
Meanwhile, Danantara Indonesia CEO, Rosan Roeslani, stated that Perminas, short for Perusahaan Mineral Nasional (National Mineral Company), will focus on rare earth minerals, distinguishing it from the existing state-owned mining holding company MIND ID.
“We expect Perminas to focus on rare earth minerals. Moreover, each state-owned enterprise has its own distinct function,” Roeslani explained.
Regarding the potential takeover of the Martabe mining site, Roeslani said he is awaiting further instructions from the central government.
Earlier on Wednesday (January 28), Danantara Indonesia COO Dony Oskaria revealed plans for Perminas to take over the Martabe mine, noting that the company will operate under the national sovereign wealth fund.
PT Agincourt Resources was among 28 companies whose operating licenses were revoked over suspected violations of forest use regulations, following severe floods and landslides that struck three provinces in northern Sumatra last November, killing more than 1,000 people.
The license revocations were decided during a limited meeting chaired by President Prabowo on the sidelines of his state visit to London on January 19, 2026.
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Translator: Rizka Khaerunnisa, Nabil Ihsan
Editor: M Razi Rahman
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