v3.26.1
Property, plant and equipment (Tables)
12 Months Ended
Jun. 30, 2026
Text block [Abstract]  
Summary of Property, Plant and Equipment
11.
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 2026

 

 

 

 

 

 

 

 

 

 

 

 

At the beginning of the financial year

 

7,411

 

36,553

 

12,237

 

20,046

 

210

 

76,457

Additions1

 

87

 

2,265

 

1,129

 

9,215

 

61

 

12,757

Remeasurements of index-linked freight contracts2

 

 

340

 

 

 

 

340

Depreciation for the year

 

(581)

 

(5,130)

 

(349)

 

 

 

(6,060)

Net impairments for the year3

 

 

(99)

 

 

(2,300)

 

 

(2,399)

Disposals

 

(5)

 

(4)

 

 

(2)

 

 

(11)

Divestment of subsidiaries and operations

 

(5)

 

(144)

 

(162)

 

(7)

 

 

(318)

Transfers and other movements

 

926

 

6,285

 

(562)

 

(7,318)

 

(51)

 

(720)

At the end of the financial year4

 

7,833

 

40,066

 

12,293

 

19,634

 

220

 

80,046

– Cost

 

16,607

 

101,437

 

20,756

 

23,890

 

230

 

162,920

– Accumulated depreciation and impairments

 

(8,774)

 

(61,371)

 

(8,463)

 

(4,256)

 

(10)

 

(82,874)

Net book value – 30 June 2025

 

 

 

 

 

 

 

 

 

 

 

 

At the beginning of the financial year

 

7,565

 

34,504

 

12,227

 

17,097

 

236

 

71,629

Additions1

 

28

 

1,653

 

1,066

 

8,703

 

50

 

11,500

Remeasurements of index-linked freight contracts2

 

 

(210)

 

 

 

 

(210)

Depreciation for the year

 

(578)

 

(4,441)

 

(410)

 

 

 

(5,429)

Net impairments for the year3

 

(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 year4

 

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)

 

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$3,030 million (2025: US$2,653 million). Refer to note 22 'Leases' for the movement of the right-of-use assets.
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