secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0000831259-23-000009
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freeport-McMoRan's Grasberg operations disrupted by rainfall, Q1 sales expected below guidance
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- PT-FI Grasberg milling complex damaged by flooding and debris from Feb 11 intense rains; personnel safely evacuated.
- Preliminary estimates indicate operations can resume by end of February 2023; no impact on long-term plans.
- Daily production approx. 5M lbs copper and 5,000 oz gold; disruption will lower Q1 2023 sales vs. prior guidance (900M lbs copper, 300k oz gold).
- Damage assessment and recovery plan underway; estimates subject to change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000083125923000009/0000831259-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000083125923000009/fcx-20230212.htm
  HTML page:      https://secwatch.observer/filing/0000831259-23-000009

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