Commence construction of the Bagdad expansion
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
- 21 Apr 2022
- Due
- 31 Dec 2023
- Checked
- 18 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Increasing confidence in commencing construction in 2023 for potential 2026 start-up”
What we found
Evidence strength A What the grades mean
The company completed technical and economic studies for the Bagdad expansion in late 2023 but did not commence construction by the end of 2023 as originally targeted.
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A Freeport-McMoRan 10-K filed 2024-02-16
“In late 2023, we completed technical and economic studies, which indicated the opportunity to construct new concentrating facilities” ✓ confirmed on the page
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A Freeport-McMoRan 10-K filed 2025-02-14
“In late 2023, we completed technical and economic studies, which indicate the opportunity to construct new concentrating facilities” ✓ 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
- Construction
- Indicative materiality
- Medium rules
- Action
- Commence
- Deliverable
- Bagdad expansion
- Where
- Arizona
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to feasibility study and stakeholder engagement
- Depends on
- Regulatory, Partner
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-2022-FCX-014851 · Corrections policy