FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) announced today that it has entered into a Memorandum of Understanding (MOU) with the Indonesia government for a life of resource extension of operating rights for PT Freeport Indonesia (PTFI) in the Grasberg minerals district.Under the terms of the MOU, the parties agreed to the following:PTFI’s special mining business license (IUPK) will be amended to provide for a life of resource extension of operating rights.PTFI will increase support for communities in Papua, including financial support for a new hospital and two medical educational facilities.PTFI will increase exploration spending and advance studies to identify and develop long-term resources and expansion opportunities.PTFI will continue to prioritize domestic downstreaming through local sales of refined copper, precious metals, sulfuric acid and other products. PTFI will also be positioned to broaden its marketing of refined copper to the United States (U.S.) on market term
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FCX
Earnings
- 1/23/26 - Beat
FCX
Sec Filings
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- FCX's page on the SEC website