"... The loss of our colleagues is heartbreaking for the entire Freeport organization. We appreciate the efforts of all of the PTFI and FCX employees, first responders, government agencies, community members and others who supported the recovery efforts both directly and through worship, prayers and various activities to demonstrate their unwavering support. This incident had a profound impact on the families of those affected, our team and the company.

...

A team comprised of internal and external experts was formed to investigate the incident and make recommendations to safeguard against future recurrence. PTFI is implementing the recommendations and pursuing new approaches and technologies to improve understanding of cave shape and material monitoring to mitigate future risks. Key learnings from the investigation are also being incorporated across other FCX block cave operations, where applicable, to strengthen risk management and operating practices across the company.

We are humbled by this tragedy and are committed to restoring large-scale, low-cost production at Grasberg in a safe, efficient and responsible manner. In late October 2025, PTFI restarted operations at the unaffected DMLZ and Big Gossan underground mines, and following the completion of investigations and remedial plans, a phased restart and ramp-up of the Grasberg Block Cave mine is anticipated to begin in second-quarter 2026. As we move forward, we carry the memory of our colleagues with us, and their legacy will reinforce our commitment to prioritizing safety and care above all else.

For more information on the Grasberg mud rush incident, please see the video and presentation available on fcx.com."