Freeport says Grasberg recovery not delayed until 2028, stands by 2027 forecast
Freeport-McMoRan dismissed reports of a potential delay until 2028, maintaining its timeline for the Indonesian copper and gold mine to reach full capacity
Freeport-McMoRan announced on Monday that it continues to expect the Grasberg copper and gold mine in Indonesia to resume full production by the end of 2027. This confirmation follows a plan the company originally outlined last month and serves as a formal rejection of recent reports suggesting the recovery timeline could be extended into 2028. The company’s stance clarifies its operational expectations for one of its most significant global assets and reaffirms its commitment to the previously established schedule.[1][2]
PT Freeport Indonesia is currently managing the ramp-up progress at the site as it works toward the 2027 goal. The transition to full production is a critical phase for the mining giant, and the company is actively monitoring the revised progress of its operations. By standing by the 2027 target, Freeport-McMoRan aims to provide a consistent outlook on its production capabilities and the ongoing development of its Indonesian operations, countering claims that the restart would face further setbacks.[1][2]
