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Interests in associates and joint venture entities

6 Months Ended

Dec. 31, 2022

Text block [abstract]

Interests in associates and joint venture entities

3.	Interests in associates and joint venture entities

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 2022 %				31 Dec 2021 %				30 June 2022 %				Half year ended 31 Dec 2022 US$M				Half year ended 31 Dec 2021 US$M				Year ended 30 June 2022 US$M
Share of profit/(loss) of equity accounted investments:
Compañia Minera Antamina SA			33.75				33.75				33.75				185				381				720
Samarco Mineração SA 1			50.00				50.00				50.00				–				–				–
Other															(32	)			(33	)			(63	)

Share of profit of equity accounted investments															153				348				657

Samarco dam failure provision 1															(13	)			(539	)			(663	)

Samarco Germano dam decommissioning 1															31				49				68

Fair value change on forward exchange derivatives 1															109				(212	)			(81	)

Profit/(loss) from equity accounted investments, related impairments and expenses															280				(354	)			(19	)

1	Refer to note 9 ‘Significant events – Samarco dam failure’ for further information.