Grasberg Project and Financial Update
Project Update
Grasberg Transition Remains on Track
Deep MLZ (DMLZ)
Drawbelling
FREEPORT
FOREMOST IN COPPER
Ore Extraction (000 t/d)
DMLZ
& Grasberg Block
Cave (GBC)
averaged 136,200
t/d in 3Q21: 15%
above 2Q21 rates
DMLZ
40
Forecast
30
40
40
30
30
20
20
20
15
12
10
11 99
10
10
10
24
GBC
41
34
30
80
00
60
18
16
40
10
0
0
T
T
1Q 4Q 2Q 4Q 2Q 3Q 4Qe
1Q 4Q
2Q 4Q 2Q
3Q
4Qe
2019
2020
2021e
2019
2020
2021e
Open drawbells provide scale - cumulative blasted
400
DMLZ
400
L
39
68
60
15
20
7
0
1Q19 4Q19 4Q20
3Q21 4Q21e
GBC
406
GBC
92
100
334
76
80
60
300
300
224
229
181
200
200
143
90
100
100
76
0
0
2019
Active
Production 2
Blocks
2020
2
2021e
2
2022e
3
2019
2020
2021e
2022e
3
3
5
5
e = estimate. See Cautionary Statement.
46
40
40
20
11
5
0
1Q19 4Q19
4Q20 3Q21 4Q21e
333View entire presentation