Freeport-McMoRan Inc. has announced that its copper sales for the third quarter of 2025 will be 4% lower than its July projections, while gold sales are expected to come in 6% lower. The revision comes after a major operational setback at the company’s Grasberg mine in Indonesia, one of the world’s largest copper and gold deposits.
On September 8, an unprecedented mud rush struck the Grasberg site, killing two workers and leaving five others missing. Mining operations have remained suspended since the incident. PT Freeport Indonesia (PTFI) confirmed that search operations are still underway, but the disruption has already forced the company to declare force majeure, notifying its commercial partners of potential delays in supply.
The Grasberg mine is central to Freeport’s global production, and the operational halt has directly impacted quarterly output, leading to the downward revision in consolidated sales forecasts. Freeport said it continues to work with local authorities and stakeholders as efforts to stabilise operations and recover from the incident progress.
