{
    "success": true,
    "data": {
        "id": 1982395,
        "msgid": "freeport-mine-could-produce-21-tonnes-of-gold-this-year-1789530904",
        "date": "2026-09-16 10:20:04",
        "title": "Freeport Mine Could Produce 21 Tonnes of Gold This Year",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Mining",
        "summary": "PT Freeport Indonesia (PTFI) has set a production target of 700,000 ounces, or approximately 21 tonnes, of gold for 2026. Despite operating at only 65% capacity due to previous landslide incidents, the company expects production to ramp up significantly by 2028.",
        "content": "<p>PT Freeport Indonesia (PTFI) is targeting gold production from its\ncurrently operated mines to reach 700,000 ounces, equivalent to 21\ntonnes of gold, in 2026. In addition to gold, the company also aims for\ncopper production to reach 800 million pounds this year.<\/p>\n<p>PTFI President Director Tony Wenas stated that these production plans\nare being implemented amidst mining operational capacity sitting at 65%\nof normal levels. He explained that this year\u2019s mining capacity is\nprojected at 124,000 tonnes of ore per day due to operational\nadjustments following a wet material landslide incident last year.<\/p>\n<p>\u201cIf we consider our normal capacity, it is approximately 200,000\ntonnes of ore per day. Therefore, for this year, we are still at about\n65% of normal capacity. This was caused by the wet material landslide in\nSeptember last year,\u201d Tony said during a Hearing Meeting (RDP) with\nCommission XII of the Indonesian House of Representatives (DPR RI) in\nJakarta, as reported on Wednesday (16\/09\/2026).<\/p>\n<p>Tony revealed that from the total volume of ore processed, the\ncompany converts the mine output into gold and copper. The sale of gold\nproducts and other supporting commodities is supported by the operations\nof the Precious Metal Refinery facility.<\/p>\n<p>\u201cIf we calculate how much metal will be produced from the mined ore,\nin 2026 we will be able to produce 800 million pounds of copper and\n700,000 ounces of gold. If we convert 700,000 ounces of gold into\ntonnage, it becomes 21 tonnes of gold in 2026,\u201d he noted.<\/p>\n<p>In addition to gold and copper, PTFI also projects refinery outputs\nincluding 103 tonnes of silver bullion, 1.4 million tonnes of sulphuric\nacid, and 900,000 tonnes of copper slag.<\/p>\n<p>Production by the company is projected to increase gradually\nalongside the recovery of the Grasberg Block Caving (GBC) mining area.\nIn 2027, mining capacity is targeted to rise to 170,000 tonnes of ore\nper day with gold production reaching 31 tonnes, before approaching full\ncapacity of approximately 39 to 40 tonnes of gold in 2028.<\/p>\n<p>\u201cThis increase in production levels is in line with the recovery of\nthe Grasberg Block Caving, which was affected by the landslide last\nyear,\u201d he concluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/freeport-mine-could-produce-21-tonnes-of-gold-this-year-1789530904",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}