November 26, 2025 | 11:33 pm
TEMPO.CO, Jakarta - The president director of mining giant Freeport Indonesia, Tony Wenas, said he's targeting 26 tons of gold production in 2026, which will be supplied to PT Aneka Tambang Tbk. (Antam).
Thus far, Tony explained, gold supplies to Antam have reached US$1 billion in value. "So, we are seeking 26 tons in gold production for 2026," he said on November 26, 2025.
Tony predicts a decrease in gold and copper production next year due to the landslide incident at Grasberg Block Cave on September 8, 2025. Copper production is estimated to drop by around 32 percent, while gold is expected to slip by more than 40 percent. However, he hopes that the metal commodity prices will remain good next year, thereby reducing the losses from production declines.
In a hearing with Commission VI of the House of Representatives on November 24, 2025, Tony projected the copper price in 2026 to reach US$4.75 per pound, up from the previous projection of US$3.75 per pound.
Meanwhile, the gold price is estimated to reach US$4,000 per troy ounce, far above the initial assumption of US$1,900 per troy ounce. With these price projections, he continued, the company's revenue next year is estimated to reach US$8.3 billion, or 98 percent of the old RKAB target of US$8.5 billion. Revenues for the state are expected to be higher than expected, at US$2.9 billion, equivalent to 107 percent of the initial projection of US$2.7 billion.
Nandito Putra contributed to the writing of this article.
Editor’s Choice: Gold Prices Boost Freeport Indonesia's Revenue Despite Falling Production
Click here to get the latest news updates from Tempo on Google News
Freeport Indonesia Mines Resume Operations After Deadly Landslide
12 hari lalu
While the landslide did not directly affect DMLZ or Big Gossan, Freeport halted all underground activities to ensure worker safety.
Freeport Mine Landslide Evacuation Completed; 7 Workers Confirmed Dead
51 hari lalu
The landslide at PT Freeport Indonesia's Grasberg Block Cave underground mine occurred on Monday night, September 8, 2025.
PT Freeport Indonesia Recovers Three Bodies from Grasberg Mine Landslide
52 hari lalu
PT Freeport Indonesia (PTFI) announced that its emergency response team recovered today the bodies of three workers who died in a landslide incident.
Freeport-McMoRan Agrees to Divest 12% Stake to Indonesia at Zero Cost
55 hari lalu
Indonesia already holds a majority stake in PT Freeport Indonesia (51.23 percent) through MIND ID.
Antam Commits to Buying Freeport Gold to Curb Imports
57 hari lalu
Despite the Freeport deal, Antam still needs to import around 30 tons of gold per year from official LBMA affiliates in Singapore and Australia.
Freeport Landslide Was Preventable, Not Just a Natural Disaster, Says Expert
59 hari lalu
An expert from the University of Indonesia stated that the recent landslide at the Freeport Indonesia mine was not merely a natural disaster.
Freeport Indonesia Comments on Government's Plan to Increase Share
22 September 2025
The government already holds a majority stake of PT Freeport Indonesia through the state-owned holding company, MIND ID.
Freeport Indonesia Mining Landslide: Two Workers Found Dead, 5 Remain Trapped
20 September 2025
Rescuers still search for five other PT Freeport Indonesia workers who have been trapped since Monday, September 8, 2025.
Today's Top 3 News: France Braces for Mass Protests Tomorrow, What Are the Demands?
17 September 2025
Here is the list of the top 3 news on Tempo English today.
Today's Top 3 News: Seven Workers Still Trapped in Freeport Indonesia Mine Landslide
16 September 2025
Here is the list of the top 3 news on Tempo English today.
