Construct a new smelter in Indonesia
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 29 Aug 2017
- Due
- 29 Aug 2022
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“PT-FI will commit to construct a new smelter in Indonesia within five years.”
What we found
Evidence strength A What the grades mean
The company did not complete the smelter by the August 2022 deadline; subsequent filings indicate the commitment was superseded by a 2018 agreement requiring completion by the end of 2023.
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A Freeport-McMoRan 10-Q filed 2022-11-04
“PT-FI committed to construct additional domestic smelting capacity totaling 2 million metric tons of concentrate per year by the end of 2023” ✓ confirmed on the page
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A Freeport-McMoRan 10-Q filed 2022-11-04
“Based on PT-FI’s revised smelter construction schedule, PT-FI does not believe any additional fines should be applied” ✓ confirmed on the page
Market reaction: the shares moved +9.4% against the S&P 500 over the three sessions around the disclosure (3 Nov 2022 to 8 Nov 2022). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Construct
- Deliverable
- new smelter
- Where
- Indonesia
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: definitive documentation; FCX Board approval; partner approvals
- Depends on
- Partner, Government
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2017-FCX-014816 · Corrections policy