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Resource Extraction Payment Report

This exhibit to Form SD presents payments made by Freeport-McMoRan Inc. (FCX) to the United States (U.S.) federal government and foreign governments for the purpose of the commercial development of minerals during the fiscal year ended December 31, 2023. The information within this report, including this exhibit, has been prepared and is presented in accordance with the requirements of Section 13(q) of the Securities Exchange Act of 1934, as amended, and Rule 13q-1 and Form SD promulgated thereunder (collectively, the Rules). Because the scope and basis for preparation of this exhibit to Form SD is in accordance with the Rules, amounts reported herein may be different from disclosures in FCX's other publicly available reports, including those found within FCX’s periodic reports filed with the U.S. Securities and Exchange Commission.

Payments

Payments, net of refunds, are disclosed on a cash basis according to the year during which the payment was made (rather than on an accrual basis). Only payments of the types defined within the Rules and for which FCX made payments during the reporting period are presented.

Currency

All payments are reported in U.S. dollars (USD), which is FCX’s reporting currency. Payments made in other currencies (Chilean peso (Peso), Indonesian rupiah (Rupiah) and Peruvian nuevo sol (PEN)) have been converted into USD by translating the payment at the exchange rate existing at the time the payment was made.

Projects

Payments are grouped into projects in the second table below, which, in accordance with the Rules, are defined as the combination of the (i) country and major political subnational jurisdiction where the commercial development of the resource is taking place, (ii) type of resource being commercially developed, and (iii) method of extraction. The resources being extracted are all minerals. Countries and political subnational jurisdictions are designated by ISO 3166 country and subdivision codes.

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Payments to Governments1
For the Fiscal Year Ended December 31, 2023
												(in thousands of USD)
Country			Local Currency Paid			Government Entity						Taxes			Royalties			Fees															Community and Social Responsibility2						Total
Chile			Peso / USD			The General Treasury of the Republic						$	17,250		$	6,527		$	18,378														$	—					$	42,155
Chile			Peso			Municipality of Calama						—			—			601															—						601
Indonesia			Rupiah			Central Papua Province						—			—			—															81,975			3			81,975
Indonesia			Rupiah / USD			Directorate General of Taxes						1,046,037			—			—															—						1,046,037
Indonesia			Rupiah / USD			Directorate General of Mineral and Coal						145,404			357,064			—															—						502,468
Indonesia			USD			Directorate General of Manpower Placement Development and Expansion of Employment Opportunities						—			—			1,923															—						1,923
Indonesia			Rupiah			Directorate General of Customs and Excise						—			—			249,875															—						249,875
Indonesia			Rupiah			Ministry of Finance of the Republic of Indonesia						469			—			—															—						469
Indonesia			Rupiah			Regional General Treasury of Asmat Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Biak Numfor Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Boven Digoel Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Mimika Regency						94,432			—			2,803															—						97,235
Indonesia			Rupiah			Regional General Treasury of Central Papua Province						41,065			—			—															—						41,065
Indonesia			Rupiah			Regional General Treasury of Deyai Regency						5,841			—			—															—						5,841
Indonesia			Rupiah			Regional General Treasury of Dogiyai Regency						5,840			—			—															—						5,840
Indonesia			Rupiah			Regional General Treasury of Intan Jaya Regency						5,841			—			—															—						5,841
Indonesia			Rupiah			Regional General Treasury of Jayapura City						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Jayapura Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Jayawijaya Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Keerom Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Kepulauan Yapen Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Lani Jaya Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Mamberamo Raya Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Mamberamo Tengah Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Mappi Regency						1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Merauke Regency						1,514			—			—															—						1,514

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Payments to Governments1 (continued)
For the Fiscal Year Ended December 31, 2023
									(in thousands of USD)
Country			Local Currency Paid			Government Entity			Taxes			Royalties			Fees															Community and Social Responsibility2						Total
Indonesia			Rupiah			Regional General Treasury of Nabire Regency			$	5,841		$	—		$	—														$	—					$	5,841
Indonesia			Rupiah			Regional General Treasury of Nduga Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Paniai Regency			5,841			—			—															—						5,841
Indonesia			Rupiah			Regional General Treasury of Papua Province			31,799			—			—															—						31,799
Indonesia			Rupiah			Regional General Treasury of Pegunungan Bintang Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Puncak Jaya Regency			5,841			—			—															—						5,841
Indonesia			Rupiah			Regional General Treasury of Puncak Regency			5,841			—			—															—						5,841
Indonesia			Rupiah			Regional General Treasury of Sarmi Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Supiori Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Tolikara Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Waropen Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Yahukimo Regency			1,514			—			—															—						1,514
Indonesia			Rupiah			Regional General Treasury of Yalimo Regency			1,514			—			—															—						1,514
Peru			PEN			Agency of Environmental Evaluation and Auditing			—			—			3,197															—						3,197
Peru			PEN			Ministry of Energy and Mines			—			—			535															7,741			4			8,276
Peru			PEN			Ministry of Transport and Communications			—			—			304															—						304
Peru			PEN			Municipality of Arequipa			280			—			—															—						280
Peru			PEN			National Superintendence of Customs and Tax Administration			562,652			53,689			19,704															—						636,045
Peru			PEN			Regional Government of Arequipa			26,461			—			—															—						26,461
Peru			PEN			Supervisory Agency of Investment in Energy and Mining			—			—			5,364															—						5,364
U.S.			USD			U.S. Department of the Interior			—			—			2,029															—						2,029
									$	2,038,529		$	417,280		$	304,713														$	89,716					$	2,850,238

Notes:

1 - Payments are limited to those required to be disclosed by the Rules and do not include other payments or contributions to entities beyond the scope of the Rules.

2 - Payments do not include other community support and investments provided to local communities not required by contract or law in accordance with the requirements of the Rules. We continue to focus on supporting the long-term resilience of our host communities. To learn more about our community initiatives, see fcx.com/sustainability.

3 - Represents payments by PT Freeport Indonesia (PT-FI) to local communities in accordance with land rights trust fund agreements and its special mining license (IUPK) for community development and empowerment projects.

4 - Represents payments made by Cerro Verde to local communities in accordance with its contractual agreement with the Ministry of Energy and Mines to make investments in the community while mining operations are active.

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						Payments by Project1
						For the Fiscal Year Ended December 31, 2023
												(in thousands of USD)
						Project			Business Segment			Taxes			Royalties			Fees															Community and Social Responsibility2						Total
						Chile/CL-AN/Copper/Open Pit			South America Mining: Other			$	17,250		$	6,527		$	18,979														$	—					$	42,756
						Indonesia/ID-PA/Copper, Gold, Silver/Underground Mining			Indonesia Operations			1,431,886			357,064			254,601															81,975			3			2,125,526
						Peru/PE-ARE/Copper, Molybdenum/Open Pit			South America Mining: Cerro Verde			589,393			53,689			29,104															7,741			4			679,927
						U.S./U.S.-AZ/Copper, Molybdenum/Open Pit			North America Copper Mines: Other			—			—			277															—						277
						U.S./U.S.-AZ/Copper/Open Pit			North America Copper Mines: Other			—			—			1,100															—						1,100
						U.S./U.S.-NM/Copper/Open Pit			North America Copper Mines: Other			—			—			460															—						460
						U.S./U.S.-UT/Copper/Open Pit			North America Copper Mines: Other			—			—			192															—						192
												$	2,038,529		$	417,280		$	304,713														$	89,716					$	2,850,238

Notes:

1 - Payments are limited to those required to be disclosed by the Rules and do not include other payments or contributions beyond the scope of the Rules.

2 - Payments do not include other community support and investments provided to local communities not required by contract or law in accordance with the requirements of the Rules. We continue to focus on supporting the long-term resilience of our host communities. To learn more about our community initiatives, see fcx.com/sustainability.

3 - Represents payments by PT-FI to local communities in accordance with land rights trust fund agreements and its IUPK for community development and empowerment projects.

4 - Represents payments made by Cerro Verde to local communities in accordance with its contractual agreement with the Ministry of Energy and Mines to make investments in the community while mining operations are active.

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