secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0000831259-25-000052
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freeport: Grasberg Block Cave restart begins Q2 2026; 2026 production ~1B lbs Cu, 0.9M oz Au
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- Phased restart of Grasberg Block Cave underground mine begins in Q2 2026; remediation underway.
- 2026 PTFI production forecast similar to 2025: ~1.0B lbs copper and 0.9M oz gold.
- 2027-2029 average annual production expected to reach 1.6B lbs copper and 1.3M oz gold.
- September 2025 mud rush incident caused 7 fatalities; operations suspended and force majeure declared.
- Unaffected Big Gossan and Deep Mill Level Zone mines restarted in late October 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000083125925000052/0000831259-25-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000083125925000052/fcx-20251118.htm
  HTML page:      https://secwatch.observer/filing/0000831259-25-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer