Pomerantz LLP investigates Freeport-McMoran Inc. securities fraud claims.

Pomerantz LLP is investigating claims of securities fraud against Freeport-McMoran Inc. (NYSE: FCX) after the company announced the suspension of mining activities at its Grasberg Block Cave operation in Indonesia, trapping seven workers. The news caused Freeport's stock price to fall 5.99% to close at $43.87 per share on September 9, 2025.

Pomerantz LLP has initiated an investigation into claims of securities fraud against Freeport-McMoRan Inc. (NYSE: FCX) following the company's announcement of the suspension of mining activities at its Grasberg Block Cave operation in Indonesia. The incident, which occurred on September 8, 2025, resulted in the trapping of seven workers, including two foreigners. The news caused Freeport's stock price to fall 5.99% to close at $43.87 per share on September 9, 2025 Douglas Lane & Associates LLC Sells 60,380 Shares of Freeport-McMoRan Inc. $FCX^[1].

The suspension of mining activities at the Grasberg Block Cave has significantly impacted Freeport's production. According to estimates from the Energy and Mineral Resources Ministry (ESDM), the company's copper and gold output has fallen to just 30 percent of capacity Freeport Output Plunges to 30% After Deadly Papua Mine Collapse, Govt Estimates^[2]. Freeport Indonesia, a subsidiary of Freeport-McMoRan, has halted all underground operations while emergency crews work to clear unstable material and reestablish communications.

The incident has also sparked a broader investigation into the company's operations and financial disclosures. Pomerantz LLP, a prominent law firm specializing in securities litigation, has been hired to conduct the investigation. The firm is examining whether Freeport-McMoRan has misled investors about the safety and operational status of its Grasberg Block Cave operation.

Freeport-McMoRan has faced criticism and scrutiny in the past for its environmental and social practices. The Grasberg mine is one of the world's largest copper and gold mines, but it has been the subject of numerous environmental and human rights concerns. The recent incident has added to the company's challenges, with investors and stakeholders closely monitoring the situation.

Investors should closely follow the developments in this case, as the outcome of the investigation could have significant implications for Freeport-McMoRan's stock price and its reputation. The company has not yet commented on the allegations of securities fraud.