product · May 16, 2026
Freeport-McMoRan extends Grasberg operating rights through February 2026 agreement
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Freeport-McMoRan announced an agreement on February 18, 2026 to extend life-of-resource operating rights at the Grasberg complex in Indonesia. The transition from open-pit to underground block-cave mining has stabilized long-term copper output at one of the world's highest-grade deposits. The company focuses on brownfield expansions and mill throughput improvements at its Arizona, New Mexico, and Peru districts to lift production incrementally. Freeport-McMoRan posted Q1 2026 results on April 23, 2026 and declared a dividend on March 25, 2026.
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