Grasberg Project and Financial Update
Consolidated Capital Expenditures
Estimates Excluding Indonesia Smelter CAPEX (1)
Net of Scheduled
Contributions
($ in bns)
FREEPORT
FOREMOST IN COPPER
$2.0
Major
Projects
$1.2(3)
Other
$0.8
2020
$2.9
$2.0
$1.8(2)
$1.8(2)
$1.6 (3)
$1.3(3)
$0.7
2021e
$1.3
2022e
$2.7(2)
(1) See slide 17; Indonesia smelter projects expected to be funded with debt financing.
(2) Net of scheduled contributions from PT Inalum for expansion capital spending that will be reflected in financing on the cash flow statement.
(3) Major projects include CAPEX associated with Grasberg underground development and supporting mill and power capital costs ($1.0 bn in 2020, $1.2 bn in 2021e, and
$1.1 bn in 2022e) and Lone Star ($0.2 bn in 2020 and $0.1 bn in 2022e); also includes discretionary growth spending at PT-FI for mill recovery project and Kucing Liar
($0.3 bn in 2022e).
NOTE: Amounts include capitalized interest.
e= estimate. See Cautionary Statement.
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