Freeport Provides Update on PT Freeport Indonesia Operations
Extensive efforts are ongoing to clear access routes to the service level of the mine where the seven contractors were working at the time of the incident. The wet material entered the mine through drawpoints in one of five production blocks and traveled to multiple lower mine levels. Additional time is required to safely remove the significant amount of material in the service level, a non-mining area.
In parallel with ongoing efforts to clear the blocked access routes, PTFI has been pursuing a series of additional initiatives to access the areas where the missing team members were working. PTFI has successfully drilled into a number of locations in the service level, including near a refuge chamber close to the work area. Regrettably, to date, we have not been able to locate the workers.
Richard C. Adkerson, Chairman of the Board, and Kathleen Quirk, President and Chief Executive Officer, said: 鈥淭he Freeport family is filled with sadness, grief and concern for our missing team members and their families. We are continuing to do everything possible to locate these individuals and continue to pray for their wellbeing. We appreciate the valiant efforts of our emergency response team to bring our workers to safety.鈥�
Indonesian government authorities are on site working with the PTFI team to review the incident and monitor rescue operations.
To prioritize the safe evacuation of the seven contractor workers, mining operations in the Grasberg minerals district remain temporarily suspended. PTFI will complete a thorough investigation and evaluate the incident鈥檚 impacts on future plans, including revisions to near-term production forecasts.
FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in
FCX鈥檚 portfolio of assets includes the Grasberg minerals district in
By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.
Cautionary Statement: This press release contains forward-looking statements. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections or expectations relating to the incident at PTFI鈥檚 Grasberg Block Cave underground mine. The words 鈥渁nticipates,鈥� 鈥渕ay,鈥� 鈥渃an,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥減rojects,鈥� 鈥渢argets,鈥� 鈥渋ntends,鈥� 鈥渓ikely,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渢o be,鈥� 鈥減otential,鈥� 鈥渁ssumptions,鈥� 鈥�guidance,鈥� 鈥渇orecasts,鈥� 鈥渇uture,鈥� 鈥減ursues,鈥� 鈥渋nitiatives,鈥� 鈥渙bjectives,鈥� 鈥渙pportunities,鈥� 鈥渟trategy鈥� and any similar expressions are intended to identify those assertions as forward-looking statements.
FCX cautions readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause FCX鈥檚 actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, factors described in more detail under the heading 鈥淩isk Factors鈥� in FCX鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024, filed with the
Investors are cautioned that many of the assumptions upon which FCX鈥檚 forward-looking statements are based are likely to change after the date the forward-looking statements are made. Further, FCX may make changes to its business plans that could affect its results. FCX undertakes no obligation to update any forward-looking statements, which are as of the date made, notwithstanding any changes in its assumptions, changes in business plans, actual experience or other changes.
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Financial Contact:
David P. Joint
(504) 582-4203
Media Contact:
Linda S. Hayes
(602) 366-7824
Source: Freeport-McMoRan Inc.
