[The President of Indonesia ordered to increase the country’s share of mining profits] November 14th, Indonesian President Prabowo Subyando said on Saturday that the country should obtain a larger share of profits from various mining licenses; if necessary, it should also hold a controlling stake in mining assets. In a speech to members of Muhammadiyah, one of the largest Islamic organizations in Indonesia, he said: "From now on, at least 70% of the income from all mining licenses must belong to the state. If necessary, the state should control these assets." The Indonesian Presidential Palace subsequently issued a statement to clarify that the "70%" mentioned by the president refers to the income generated from the operation of mining licenses. Prabowo added in his speech that Indonesia welcomes investors in the mining sector, but "profits must primarily belong to the Indonesian people."