Freeport focuses on safe operations amid global geopolitical situation

Jakarta (ANTARA) - PT Freeport Indonesia’s President Director Tony Wenas stated that the company is focusing on strengthening safe and sustainable mining operations amid geopolitical dynamics and global oil prices influenced by the Iran-US-Israel war.

“Yes, so we remain (focused on) our production activities. We strive (for the 2026 target) to be achieved, but the most important thing is to do it in a safe, secure, and sustainable manner,” Tony said when met in Jakarta on Friday.

Specifically regarding the rise in energy commodities such as fuel oil (BBM) worldwide, he said the company has prepared several mitigation steps focused on domestic operational activities.

“We always focus on things we can control. Geopolitical situations are indeed things we cannot control. So we anticipate, we try to mitigate, but we focus more on operating the mine with safe, secure, and sustainable production. This is our main focus,” Tony explained.

“There are prices that rise, yes, we can’t avoid that. And of course, we do things to mitigate, trying to keep the costs as low as possible because there is an increase here,” he added.

This, Tony continued, aligns with the mine’s production level after the landslide incident in the underground mining area of Grasberg Block Cave (GBC) on 8 September 2025, which has reached around 40-50 percent.

Freeport Indonesia targets operations to return to near 100 percent by the end of 2026 and achieve full production capacity in the early quarter of 2027.

“With all kinds of ways and efforts we are doing to get there (safe operations). Whether oil prices rise, gold prices fall, copper prices rise or fall. It’s not that we don’t care, but our focus is on safe, secure, sustainable production,” Tony said.