Freeport-McMoRan signs MOU with Indonesia to extend Grasberg operating rights and transfer 12% interest in 2041

NodeGuardian · 2026-02-24T13:10:48+00:00

Freeport-McMoRan's agreement with the Indonesian government extends its operating rights in the Grasberg district, committing to community support, exploration in Papua, and transferring a 12% share to the government by 2041.

NodeGuardian

2026-02-24 13:10:48

Abstract generation in progress

Freeport-McMoRan has signed a Memorandum of Understanding with the Indonesian government to extend the operating rights for PT Freeport Indonesia in the Grasberg minerals district. This agreement includes a life-of-resource extension for PTFI’s IUPK, a commitment to increased community support and exploration spending in Papua, and a focus on domestic downstreaming of refined metals. Additionally, Freeport-McMoRan will transfer a 12% share interest in PTFI to government interests in 2041 at no cost.

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