v3.25.2
Property, plant and equipment (Tables)
 12 Months Ended
Jun. 30, 2025
Text block 1 [Abstract]  
Summary of Property, Plant and Equipment
    
Land and
buildings
    
Plant and
equipment
    
Other
mineral
assets
    
Assets under
construction
    
Exploration
and
evaluation
    
Total
  
    
US$M
    
US$M
    
US$M
    
US$M
    
US$M
    
US$M
  
Net book value – 30 June 2025
             
At the beginning of the financial year
   
 
7,565
 
  
 
34,504
 
  
 
12,227
 
  
 
17,097
 
  
 
236
 
  
 
71,629
 
Additions
1
   
 
28
 
  
 
1,653
 
  
 
1,066
 
  
 
8,703
 
  
 
50
 
  
 
11,500
 
Remeasurements of index-linked freight contracts
2
   
 
–
 
  
 
(210
)
  
 
–
 
  
 
–
 
  
 
–
 
  
 
(210
)
Depreciation for the year
   
 
(578
)
  
 
(4,441
)
  
 
(410
)
  
 
–
 
  
 
–
 
  
 
(5,429
)
Net impairments for the year
3
   
 
(7
)
  
 
(76
)
  
 
(23
)
  
 
–
 
  
 
–
 
  
 
(106
)
Disposals
   
 
(1
)
  
 
(19
)
  
 
–
 
  
 
–
 
  
 
–
 
  
 
(20
)
Divestment of subsidiaries and operations
   
 
–
 
  
 
(1
)
  
 
(42
)
  
 
–
 
  
 
–
 
  
 
(43
)
Transfers and other movements
   
 
404
 
  
 
5,143
 
  
 
(581
)
  
 
(5,754
)
  
 
(76
)
  
 
(864
)
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
At the end of the financial year
4
   
 
7,411
 
  
 
36,553
 
  
 
12,237
 
  
 
20,046
 
  
 
210
 
  
 
76,457
 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
– Cost
   
 
15,617
 
  
 
93,385
 
  
 
20,359
 
  
 
22,002
 
  
 
223
 
  
 
151,586
 
– Accumulated depreciation and impairments
   
 
(8,206
)
  
 
(56,832
)
  
 
(8,122
)
  
 
(1,956
)
  
 
(13
)
  
 
(75,129
)
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net book value – 30 June 2024
             
At the beginning of the financial year
      8,140       36,654       13,304       13,481       239       71,818  
Additions
1
      27       1,206       795       8,840       58       10,926  
Remeasurements of index-linked freight contracts
2
      –       230       –       –       –       230  
Depreciation for the year
      (637 )      (4,287 )      (264 )      –       –       (5,188 ) 
Net impairments for the year
3
      (88 )      (1,440 )      (930 )      (1,365 )      (10 )      (3,833 ) 
Disposals
      (1 )      (15 )      –       –       –       (16 ) 
Divestment of subsidiaries and operations
5
      (293 )      (1,093 )      (23 )      (44 )      –       (1,453 ) 
Transfers and other movements
      417       3,249       (655 )      (3,815 )      (51 )      (855 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
At the end of the financial year
4
      7,565       34,504       12,227       17,097       236       71,629  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
– Cost
      15,180       86,989       19,900       19,106       1,035       142,210  
– Accumulated depreciation and impairments
      (7,615 )      (52,485 )      (7,673 )      (2,009 )      (799 )      (70,581 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
1
 
Includes change in estimates and net foreign exchange gains/(losses) related to the closure and rehabilitation provisions for operating sites. Refer to note 15 ‘Closure and rehabilitation provisions’.
 
2
 
Relates to remeasurements of index-linked freight contracts including continuous voyage charters (CVCs). Refer to note 22 ‘Leases’.
 
3
 
Refer to note 13 ‘Impairment of
non-current
assets’ for information on impairments.
 
4
 
Includes the carrying value of the Group’s
right-of-use
assets relating to land and buildings and plant and equipment of US$2,653 million (2024: US$2,708 million). Refer to note 22 ‘Leases’ for the movement of the
right-of-use
assets.
 
5
 
Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024.
Summary of Principal Depreciation Methods and Rates Applied to Major Asset Categories
The table below summarises the principal depreciation methods and rates applied to major asset categories by the Group.
 
  
Asset category
   
Plant and equipment
  
 
 
Buildings – Mine related property
   
UoP based upon reserves, otherwise SL over 25-50 years
  
 
Plant and equipment
   
UoP based upon reserves, otherwise SL over 3-30 years
  
 
Mineral rights
    UoP based upon reserves  
 
Capitalised exploration, evaluation and development expenditure
    UoP based upon reserves