{
    "success": true,
    "data": {
        "id": 1912097,
        "msgid": "freeports-new-underground-mine-project-to-begin-operations-in-2029-1786423871",
        "date": "2026-08-11 10:40:05",
        "title": "Freeport's New Underground Mine Project to Begin Operations in 2029",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Mining",
        "summary": "PT Freeport Indonesia is developing the Kucing Liar underground mine in Papua, targeting initial production by 2029. The project, which has already seen US$1.4 billion in investment, is expected to produce an average of 750 million pounds of copper and 735,000 ounces of gold annually at full capacity, sustaining the company's long-term output in the Grasberg region.",
        "content": "<p>PT Freeport Indonesia (PTFI) is developing a new underground mine\ncalled Kucing Liar, which is expected to commence mining operations by\n2029. The project is located within the Grasberg minerals district in\nTembagapura, Mimika Regency, Central Papua.<\/p>\n<p>President Director of PTFI, Tony Wenas, stated that the company is\ncurrently in the development phase of the Kucing Liar mine. Production\nfrom the site is anticipated to begin ramping up around 2030, eventually\nreaching a design capacity of approximately 130,000 metric tonnes of ore\nper day.<\/p>\n<p>At full capacity, the Kucing Liar mine is projected to produce an\naverage of 750 million pounds of copper and approximately 735,000 ounces\nof gold annually. This new operation is expected to play a crucial role\nin maintaining PT Freeport Indonesia\u2019s large-scale production in the\nGrasberg area over the long term.<\/p>\n<p>As of 30 June 2026, PTFI has invested approximately US$1.4 billion,\nequivalent to around Rp 25 trillion, in the development of the Kucing\nLiar project. The company estimates that additional investment of\napproximately US$4 billion, or around Rp 71.69 trillion, will be\nrequired through to 2033.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/freeports-new-underground-mine-project-to-begin-operations-in-2029-1786423871",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}