{
    "success": true,
    "data": {
        "id": 1674860,
        "msgid": "freeport-indonesia-sells-33-tonnes-of-gold-throughout-2025-1776084677",
        "date": "2026-04-13 18:25:05",
        "title": "Freeport Indonesia Sells 33 Tonnes of Gold Throughout 2025",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Mining",
        "summary": "PT Freeport Indonesia (PTFI) fell short of its 2025 production targets for copper and gold due to an operational incident in September 2025 that halted mining activities until late October. Despite selling only 71% of targeted copper and 49% of targeted gold, higher commodity prices boosted revenues to US$8.6 billion, exceeding expectations and contributing US$4.3 billion to state coffers, surpassing plans by 16%. This performance highlights the resilience of Indonesia's mining sector amid operational challenges, supported by global market trends.",
        "content": "<p>Jakarta, CNBC Indonesia - PT Freeport Indonesia (PTFI) recorded\nproduction and sales performance throughout 2025 that did not fully meet\nthe targets set in the 2025 Work Plan and Budget (RKAB). This situation\nwas partly influenced by an operational incident that occurred in\nSeptember 2025.<\/p>\n<p>PTFI President Director Tony Wenas explained that copper sales volume\nonly reached 1.2 billion pounds, or about 71% of the 1.7 billion pound\ntarget. Meanwhile, gold sales were recorded at 1.1 million ounces or 33\ntonnes, approximately 49% of the 2025 target of 2.2 million ounces or 67\ntonnes.<\/p>\n<p>According to him, the failure to meet these targets was due to a wet\nmaterial slide incident on 8 September 2025, which impacted mine\noperations and caused production to decline.<\/p>\n<p>\u201cIndeed, when the incident occurred, we stopped all operational\nactivities across the entire mine. So it was a complete halt, and we\nonly resumed mining on 20 October 2025 after all the victims were found\nand escorted back to their respective resting places,\u201d Tony said during\na Hearing with Commission VII of the House of Representatives (DPR RI),\non Monday (13\/4\/2026).<\/p>\n<p>Nevertheless, rising commodity prices managed to support the\ncompany\u2019s revenue. For example, the average copper price reached US$4.53\nper pound, or 121% of the RKAB assumption, while the gold price surged\nto US$3,418 per ounce, or 180% of the target.<\/p>\n<p>In line with this, Freeport\u2019s sales revenue throughout 2025 was\nrecorded at US$8.6 billion, or 83% of the target. This achievement then\nimpacted state receipts, which reached US$4.3 billion, or 116% of the\nplan.<\/p>\n<p>\u201cAnd from those results, state receipts in 2025 could reach 4.3\nbillion dollars, even above the work plan because there is corporate\nincome tax that we have to pay monthly in instalments every month, the\namount of which is based on the 2024 results,\u201d he stated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/freeport-indonesia-sells-33-tonnes-of-gold-throughout-2025-1776084677",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}