Freeport-McMoRan signs MOU with Indonesia to extend Grasberg operating rights and transfer 12% interest in 2041

Freeport-McMoRan announced a Memorandum of Understanding with the Indonesia government to extend life-of-resource operating rights for PT Freeport Indonesia in the Grasberg minerals district.

Key Highlights:

• PTFI's IUPK will be amended to provide a life-of-resource extension of operating rights, subject to issuance of the amended IUPK.
• PTFI will boost community support in Papua, funding a new hospital and two medical education facilities, enhancing local social investment.
• Increased exploration spending and studies to identify long-term resources and expansion opportunities to extend project life.
• PTFI will prioritize domestic downstreaming of refined copper, precious metals and sulfuric acid, and may market refined copper to the U.S. on market terms if needed.
• FCX will transfer a 12% share interest in PTFI to government interests at no cost in 2041, maintaining 48.76% ownership through 2041 and ~37% thereafter.

Original SEC Filing: FREEPORT-MCMORAN INC [ FCX ] - 8-K - Feb.

23, 2026[1]

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Please note this summary is solely based on documents filed with the SEC.

References

1. ^ FREEPORT-MCMORAN INC [ FCX ] - 8-K - Feb.

   23, 2026 (www.sec.gov)