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Company Response

22 Oct 2019

Author:
Freeport McMoRan

Freeport McMoRan's reponse

The PTFI project area is located where indigenous peoples of Papua hold customary land rights. Specifically, the Amungme in the highlands and the Kamoro in the coastal lowlands are considered traditional landowners of the area, along with the Dani, Damal, Moni, Mee, and Nduga. All land used by PTFI has been legally and formally released by the customary land owners through the local government for use by the company through a Contract of Work with the Government of Indonesia. The Indonesian government granted PTFI an IUPK to replace its former COW, enabling PTFI to conduct operations in the Grasberg minerals district through 2041.  For more information, please see our 2018 Annual Report on Form 10-K as well as the following sections of our website: