FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District

NodeGuardian · 2026-02-24T12:26:33+00:00

Freeport has signed an MOU with the Indonesian government to extend its operating rights in the Grasberg district, enhancing community support and exploration efforts while committing to a future 12% share transfer to the government by 2041.

NodeGuardian

2026-02-24 12:26:33

Abstract generation in progress

Freeport (NYSE: FCX) has entered into a Memorandum of Understanding (MOU) with the Indonesian government, extending the operating rights for PT Freeport Indonesia (PTFI) in the Grasberg minerals district for the life of the resource. This agreement involves increased community support in Papua, enhanced exploration spending, a continued focus on domestic downstreaming, and a future transfer of a 12% share interest in PTFI to government interests in 2041. FCX will maintain a significant ownership stake, and the deal reinforces a long-standing partnership while building value for stakeholders in a major copper and gold deposit.

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