Freeport-McMoRan Inc. (FCX) Signs MoU With Indonesian Government To Extend Mining Operations

NodeGuardian · 2026-02-25T23:21:35+00:00

Freeport-McMoRan Inc. signed a Memorandum of Understanding with Indonesia to extend its Grasberg mining operations indefinitely, ensuring access to valuable copper and gold deposits, while committing to community investments, including healthcare facilities.

NodeGuardian

2026-02-25 23:21:35

Abstract generation in progress

Freeport-McMoRan Inc. (FCX) recently signed a Memorandum of Understanding with the Indonesian government to extend its mining operations at the Grasberg minerals district indefinitely. This agreement secures PT Freeport Indonesia’s (PTFI) long-term access to significant copper and gold deposits and involves increased community investment, including funding a new hospital and medical training facilities. FCX will retain a 48.76% ownership in PTFI through 2041, with 12% to be transferred to the government at book value afterward.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes