Mining Entrepreneurs Expect Legal Certainty From Elected President 2024

President Director of PT Freeport Indonesia (PTFI) Tony Wenas. (Photo: Maria Trisnawati/VOI)

JAKARTA - President Director of PT Freeport Indonesia (PTFI) Tony Wenas hopes that the President of the Republic of Indonesia will then provide legal certainty and certainty of doing business for mining business actors.

Tony admitted that he not only spoke as President Director of PTFI, but also as a member of the Kadin Management and Secretary General of the Indonesia Mining Association (IMA).

According to him, the legal certainty provided by the state will aim to prevent frequent changes in regulations, causing opposite effects or adverse effects.

"This is the basis and I am sure that when Kadin had a dialogue with the presidential and presidential candidates and they wanted to fight for it and now Prabowo as the elected president, we hope that it can be done according to what was conveyed," Tony said in the Mining Zone quoted on Tuesday, March 26.

Tony detailed that the rules given by the government are regulations regarding mining, trade and investment so that incoming investments not only come from abroad but also from within the country.

Moreover, he said, in the last 5 years the investment that entered Indonesia always exceeded the target set by the government. He gave an example of the relaxation of Indonesia's investment in 2023, which exceeded Rp1,400 trillion, while this year the government set an investment target of R1,650 trillion.

"Indonesia has been around for the last 5 years, last year it was more than Rp. 1400 trillion, previously Rp. 1,200 trillion, previously more than Rp. 900 trillion, so it's always more than the president has set. It looks like the track is good," Tony continued.

With a significant increase in investment realization, Tony believes the target can be achieved with the support of qualified regulations.

Furthermore, Tony also said that in the dialogue between Kadin and the Presidential Candidate during the campaign period, Prabowo Subianto opened up opportunities to discuss ways to increase investment and simplify regulations in fields related to business and investment.

"I believe the next government can accommodate the wishes of business groups and business communities," Tony concluded.