President Prabowo Subianto said Saturday that the state should receive a larger share of proceeds from mining permits and, if necessary, hold controlling stakes in mining assets. According to Sina Finance, he told members of Muhammadiyah that at least 70% of the proceeds from mining permits should go to the state; the presidential palace later clarified that the figure referred to proceeds generated by mining permit operations. Prabowo added that Indonesia welcomes investment in mining, but that profits should primarily go to the Indonesian people.