Freeport-McMoRan says continues to plan for ‘major expansion’ at El Abra

Says continuing to drive operating disciplines in the U.S. increasing volumes and reducing costs. Says continuing to rebuild skills within company’s workforce. Expects production in the U.S. to increase in 2025 and 2026 compared with 2024 levels. Says targeting further volume and cost improvement for 2026, 2027. Says conversion of Bagdad autonomous haulage near completion. Says advanced plans for leach opportunities at El Abra in South America, continues to plan for ‘major expansion’ at El Abra. Says milling rates improved in Indonesia in Q2. Says expects SAG2 maintenance to be completed in Q3. Says Kucing Liar development continues and expects to commence production by 2030.