Freeport McMoRan Pledges USD 20 Billion Investment in Indonesia Over Next 20 Years

Investment and Downstream Industries Minister and BKPM chief Rosan Roeslani has confirmed that Freeport McMoRan will increase its investment in Indonesia.

The American mining company will add approximately USD 20 billion in investment over the next two decades.

The commitment forms part of a series of Indonesia-United States economic cooperation agreements discussed alongside the signing of the Agreement on Reciprocal Trade (ART).

“Yesterday, a memorandum of understanding between Freeport and the Indonesian government was also signed. Under this agreement, Freeport can increase its investment over roughly the next 20 years to a value of approximately USD 20 billion,” Rosan said during a virtual press conference on Friday, 20 February 2026.

Rosan added that the additional investment is expected to deliver economic contributions to Indonesia, including through state revenue from the mining sector.

“This will also have a positive impact in terms of tax revenue and other areas,” he explained.

The agreement will still be followed up with a final binding agreement. According to Rosan, the government will prepare the subsequent processes to ensure the cooperation can be implemented promptly.

“Therefore, this will naturally be followed up to become a definitive agreement in the near future,” he stressed.

On the same occasion, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the arrangement forms part of the broader Indonesia-US agreement to deepen cooperation on critical minerals access.

“In addition, there is also the development of critical minerals, which in this case involves the extension of Freeport McMoRan’s concession from 2041 to 2061,” Airlangga said.