Freeport-McMoRan Inc. filed an amended current report (Form 8-K/A) to provide an attached Memorandum of Understanding dated Feb. 18, 2026 among the Government of the Republic of Indonesia, PT Freeport Indonesia and Freeport-McMoRan. The MOU outlines plans to amend PT Freeport Indonesia’s IUPK to extend operating rights for life-of-mine resources with 10-year evaluations, maintain existing fiscal and operating provisions, fund new community health and education initiatives, increase exploration spending, and prioritize domestic downstream sales. It also includes a divestment provision under which Freeport-McMoRan would transfer a 12% interest to the Indonesian government in 2041 under specified reimbursement terms while retaining operational control over the project.
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