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Interests in associates and joint venture entities (Tables)

6 Months Ended

Dec. 31, 2019

Text block [abstract]

Summary of Major Shareholdings in Associates and Joint Venture Entities, Including their Profit/(Loss)

The Group’s major shareholdings in associates and joint venture entities, including their profit/(loss), are listed below:


		Ownership interest at the Group’s reporting date												Profit/(loss) from equity accounted investments, related impairments and expenses
		31 Dec 2019 %				31 Dec 2018 %				30 June 2019 %				Half year ended 31 Dec 2019 US$M				Half year ended 31 Dec 2018 US$M				Year ended 30 June 2019 US$M
Share of operating profit/(loss) of equity accounted investments:
Cerrejón			33.33				33.33				33.33				(16	)			85				103
Compañia Minera Antamina SA			33.75				33.75				33.75				160				199				394
Samarco Mineração SA (1)(2)			50.00				50.00				50.00				–				–				–
Other															(54	)			(51	)			(98	)

Share of operating profit of equity accounted investments															90				233				399

Samarco impairment expense (1)(2)															(27	)			(47	)			(96	)

Samarco dam failure provision (1)															56				(70	)			(586	)

Samarco Germano dam decommissioning (1)															7				–				(263	)

Profit/(loss) from equity accounted investments, related impairments and expenses															126				116				(546	)

(1)	Refer to note 9 Significant events – Samarco dam failure for further information.

(2)	Following a change to IAS 28 the loss from working capital funding provided during the period will now be disclosed as an impairment included within the Samarco impairment expense line item and not as an operating loss. Comparative periods have been restated to reflect the change.