FCX secures Grasberg life-of-mine extension with Indonesia; retains control

FREEPORT-MCMORAN INC

MOU grants extension of operating rights for life-of-mine resources, evaluated every 10 years under current IUPK framework.
PTFI plans $10B investment over next 5 years; fiscal terms remain unchanged under existing IUPK.
FCX to transfer 12% interest to Indonesia in 2041 free, with pro-rata book value reimbursement for post-2041 investments.
FCX retains operational control; governance and shareholder agreement continue for project life.
Community initiatives include funding a new hospital and two medical universities via 1% revenue fund.

item 8.01 item 9.01

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