FCX · 10-Q · 2026Q2 · Full report
Kucing Liar Development
FREEPORT-MCMORAN INC · 2026-08-06 · Importance 58 · Surprise 42 · In source text
PTFI is developing the Kucing Liar deposit in Indonesia’s Grasberg minerals district, with ramp-up planned to begin around 2030 and design capacity of approximately 130,000 metric tons of ore per day. At June 30, 2026, PTFI had incurred approximately $1.4 billion for the development, with an additional estimated $4 billion of capital investments through 2033, averaging approximately $0.5 billion annually. At full rates, the deposit is expected to produce approximately 750 million pounds of copper and 735 thousand ounces of gold per year, supporting continuity of large-scale Grasberg production.
Key facts
- Capital investments for Kucing Liar are estimated to approximate an additional $4 billion through 2033, averaging approximately $0.5 billion per year. source
- Average annual Kucing Liar production at full rates would approximate 750 million pounds of copper and 735 thousand ounces of gold. source
- Kucing Liar ramp-up is planned to commence in the 2030 timeframe to a design capacity of approximately 130,000 metric tons of ore per day. source
- At June 30, 2026, PTFI had incurred approximately $1.4 billion for Kucing Liar development. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +3.4% | Capital investments for Kucing Liar are estimated to approximate an additional $4 billion through 2033, averaging approximately $0.5… |
| cash | negative | probable | -3.4% | Capital investments for Kucing Liar are estimated to approximate an additional $4 billion through 2033, averaging approximately $0.5… |
| revenue | positive | contingent | — | Average annual Kucing Liar production at full rates would approximate 750 million pounds of copper and 735 thousand ounces of gold. |
| assets | positive | probable | — | Kucing Liar ramp-up is planned to commence in the 2030 timeframe to a design capacity of approximately 130,000 metric tons of ore per day. |