Freeport-McMoRan says the recovery of the underground Grasberg Block Cave mine in Indonesia is proceeding according to plan after last year’s fatal mudslide.
Capacity is expected to reach 80 percent in mid-2027 and approach full levels by year-end, Reuters reports.
The company expects copper sales of 750 million pounds and gold sales of around 100,000 ounces in the third quarter, below the forecast from July.
The average realized copper price is expected to exceed USD 6.50 per pound. Third-quarter results will be published on October 27.
