Freeport says Indonesia smelter restarts after 2025 Grasberg incident
Bitget2026/10/02 12:01- Freeport flagged continued disruption from the September 2025 Grasberg incident, with mill throughput averaging 140,000 metric tons per day in Q3 2026.
- Output remained below normalized rates, with throughput at about 67% of pre-incident levels during the quarter.
- PTFI’s Eastern Java smelter restarted in late August 2026 following the suspension tied to the incident; ramp-up is proceeding.
- Gold sales timing in Indonesia deferred about 60,000 ounces from Q3 2026 into Q4, weighing on by-product credits.
- Consolidated unit net cash costs are expected about 5% above the July estimate of USD 2.00 per pound of copper.
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