Martabe Gold Mining Permit revoked, Government asked to consider investment climate

JAKARTA - The Indonesian Mining Association or Indonesia Mining Association (API-IMA) spoke out regarding the revocation of the Martabe gold mining permit, owned by PT Agincourt Resources (PTAR). It is reported that the Martabe gold mine will be taken over by Danantara.

Chairman of the Indonesian Mining Association (API-IMA), Rachmat Makkasau, invited all parties to maintain investment in the mining sector, including ensuring fair assessments on PT Agincourt Resources which manages the Martabe mine in North Sumatra.

According to Rachmat, the company is so far believed to have carried out its operations well and fulfilled good environmental governance based on the results of the Proper Hijau received by the company. Therefore, Rachmat believes that the government will certainly conduct a thorough evaluation of the Agincourt mining business permit, so that it can ensure its sustainability.

"We believe that the government will conduct a more detailed evaluation regarding the business license of PT Agincourt which is said to be revoked. Companies that operate well, prioritize aspects of Environmental, Social and Governance (ESG), and comply with applicable regulations, including aspects of environmental management - of course, will still be able to operate. This is important to ensure that the investment climate in the mining sector remains conducive," said Rachmat, Wednesday, January 28.

Furthermore, Rachmat emphasized that one of the requirements to become a member of the API-IMA is to always carry out operational activities by prioritizing the principles of good mining practice (GMP) and ESG.

Through the Indonesia Weekend Miner 2026 event on January 24, Rachmat encouraged his members to continue to communicate positive facts from good mining practices.

"There are already many companies that run operations well and implement the principles of GMP and ESG. We encourage API-IMA member companies to continue to campaign for these positive things so that the public's view of the mining industry becomes more balanced," he added.

On the other hand, Rachmat also believes that maintaining mining investments is also the task of the government so that there needs to be close collaboration between the two parties.

Moreover, the state's revenue from the mineral and coal mining sector in 2025 reached IDR 138.37 trillion or exceeded the target of only IDR 127.44 trillion.

For information, Agincourt is one of 28 companies whose licenses were revoked by President Prabowo Subianto through the PKH Task Force on Tuesday, January 20.

The Minister of State Secretary (Mensesneg) Prasetyo Hadi announced the results of the work of the Forest Area Control Task Force (PKH) regarding the success of uncovering a series of violations of forest utilization permits (PBPH), mining business permits, and palm oil plantation business permits in Aceh Province, North Sumatra, and West Sumatra.