11:01 AM EDT, 09/24/2025 (MT Newswires) -- Freeport-McMoRan ( FCX ) said Wednesday it is notifying commercial counterparties of a force majeure as a result of the Sept. 8 mud rush incident at its Grasberg Block Cave mine in Indonesia that resulted in the death of at least two people.

Force majeure is a contractual clause that releases a party from liability or obligation when an extraordinary, uncontrollable event prevents them from fulfilling their contractual duties.

The company said the search for five additional PT Freeport Indonesia team members is ongoing.

Shares of the company were down 10% in recent trading Wednesday.

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