Produce 130,000 metric tons of ore per day from the Grasberg Block Cave underground mine
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
- 1 Jul 2019
- Due
- 31 Dec 2023
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“In 2023, PT-FI expects to produce an average of 130,000 metric tons of ore per day from five production blocks”
What we found
Evidence strength A What the grades mean
The company failed to meet the 130,000 metric tons per day target for the Grasberg Block Cave mine in 2023, with actual production averaging 117,300 metric tons per day.
-
A Freeport-McMoRan 10-K filed 2024-02-16
“Ore milled from the Grasberg Block Cave underground mine averaged 117,300 metric tons per day in 2023” ✓ confirmed on the page
Market reaction: the shares moved +2.5% against the S&P 500 over the three sessions around the disclosure (15 Feb 2024 to 21 Feb 2024). 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
- Produce
- Deliverable
- Grasberg Block Cave underground mine production
- Target
- 130,000 metric tons of ore per day
- Where
- Indonesia
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
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
Are you Freeport-McMoRan? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2019-FCX-014827 · Corrections policy