Freeport Secures Life-of-Resource Grasberg Mining Rights Extension

Reuters02-19

Freeport Secures Life-of-Resource Grasberg Mining Rights Extension

Freeport-McMoRan Inc. said it has signed a memorandum of understanding with the Indonesian government to extend PT Freeport Indonesia’s operating rights in the Grasberg minerals district for the life of the resource by amending its special mining business license (IUPK). The agreement also includes increased community support in Papua, higher exploration spending and continued domestic downstreaming commitments, and would see Freeport transfer a 12% stake in PTFI to government interests in 2041, reducing its ownership to about 37% from 2042.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freeport-McMoRan Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602182155BIZWIRE_USPR_____20260218_BW099766) on February 19, 2026, and is solely responsible for the information contained therein.

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