Freeport Copper Financials
FREEPORT FOREMOST IN COPPER
Consolidated Capital Expenditures
Excluding Indonesia Smelter Projects CAPEX (1)
($ in bns)
Major
Projects
$2.7
Discretionary
Planned
$1.4
Other
$1.0
2022
$3.2
Discretionary
$0.7
Planned
$1.3(2)
Other
$1.2
2023e
$3.8
Discretionary
$1.3
Planned
$1.0(2)
Other
$1.5
2024e
(1) See slide 25; Indonesia smelter projects are being funded with net proceeds from PT-FI's April 2022 senior notes offering and availability under its revolving credit facility.
(2) Major projects include CAPEX associated with Grasberg underground development and supporting mill and power capital costs ($1.1 bn in 2023e and $0.7 bn in 2024e).
For details of discretionary spending see slide 24.
NOTE: Amounts include capitalized interest. Discretionary CAPEX and smelter spending will be excluded from the free cash flow (as defined on slide 12) calculation for
purposes of the performance-based payout framework. e= estimate. See Cautionary Statement.
THE POWER OF
COPPER
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