Grasberg Project and Financial Update
3Q 2021 Operations Update
FREEPORT
FOREMOST IN COPPER
North America
>>> Lone Star
› Current operations are exceeding initial
design capacity of 200 million lbs
annually by ~25%
>>> Morenci
> Leach projects in focus
>>>3Q production impacted by delayed
start-up of Morenci mill and summer storm
activity in AZ
South America
>>>Cerro Verde - Peru
> 3Q mill avg: 380k mt/d
› Targeting ~400k mt/d in 2022
>>> El Abra - Chile
> Increasing operating rates to pre-
COVID-19 pandemic levels
> New leach pad is under construction
Indonesia
Grasberg Underground
> 3Q21 annualized metal production
reached 90% of post ramp-up targets;
expected to reach 100% by YE 2021
> 27 new drawbells added; 490 cum.
> DMLZ/GBC Operating Rates
-
3Q Avg: ~136k t/d; 15% above 2Q rates
DELLOCO 04
ZEPHR
PT FINDONESIA
Cu Sales: 375 mm lbs
Cu Sales: 280 mm lbs
Cu Sales: 378 mm lbs
Au Sales: 399 k ozs
16
See Cautionary Statement.View entire presentation