Complete new domestic smelting capacity in Indonesia
Not delivered by the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 22 Jul 2021
- Due
- 31 Dec 2023
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“PT-FI's development, financing, construction and completion of new domestic smelting capacity in Indonesia totaling 2 million metric tons of concentrate per year by December 2023”
What we found
Evidence strength A What the grades mean
The company completed a 1.3 million metric ton expansion by the deadline, but the full 2 million metric ton capacity commitment was not met by December 2023.
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A Freeport-McMoRan 10-K filed 2024-02-16
“In December 2023, PT Smelting commissioned the expansion of its capacity by 30% to 1.3 million metric tons of copper concentrate per year.” ✓ confirmed on the page
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A Freeport-McMoRan 10-K filed 2024-02-16
“Construction progress of the Manyar smelter in Gresik, Indonesia (with a capacity to process approximately 1.7 million metric tons of copper concentrate per year) is advancing on schedule with a target of May 2024” ✓ 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
- Capacity change
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- new domestic smelting capacity
- Where
- Indonesia
- In the company’s control
- High
- Specificity
- High
- Depends on
- Financing, 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: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Partly met”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2021-FCX-014847 · Corrections policy