XML 38 R21.htm IDEA: XBRL DOCUMENT
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Property, plant and equipment | 12 Months Ended
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Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment explanatory [Text Block] |
Note 15 | Property, plant and equipment
As of December 31, 2021, and 2020, the detail of property, plant and equipment is as follows:
| 15.1 | Types of property, plant and equipment
Description of types of property, plant and equipment |  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |
Property, plant and equipment, net |  |  |  |  |  |  |  |
Land |  |  | 23,507 |  |  |  | 23,579 |
Buildings |  |  | 270,563 |  |  |  | 239,666 |
Other property, plant and equipment |  |  | 32,846 |  |  |  | 35,418 |
Transport equipment |  |  | 2,463 |  |  |  | 2,880 |
Supplies and accessories |  |  | 5,556 |  |  |  | 4,183 |
Office equipment |  |  | 1,386 |  |  |  | 459 |
Network and communication equipment |  |  | 1,359 |  |  |  | 1,272 |
Mining assets |  |  | 38,241 |  |  |  | 47,052 |
IT equipment |  |  | 3,570 |  |  |  | 4,083 |
Energy generating assets |  |  | 3,970 |  |  |  | 4,878 |
Constructions in progress |  |  | 731,787 |  |  |  | 486,345 |
Machinery, plant and equipment |  |  | 896,977 |  |  |  | 887,504 |
Total |  |  | 2,012,225 |  |  |  | 1,737,319 |
Property, plant and equipment, gross |  |  |  |  |  |  |  |
Land |  |  | 23,507 |  |  |  | 23,579 |
Buildings |  |  | 767,096 |  |  |  | 705,089 |
Other property, plant and equipment |  |  | 239,582 |  |  |  | 234,238 |
Transport equipment |  |  | 13,357 |  |  |  | 13,030 |
Supplies and accessories |  |  | 28,786 |  |  |  | 26,101 |
Office equipment |  |  | 12,943 |  |  |  | 11,607 |
Network and communication equipment |  |  | 9,577 |  |  |  | 8,951 |
Mining assets |  |  | 195,889 |  |  |  | 194,562 |
IT equipment |  |  | 30,456 |  |  |  | 29,629 |
Energy generating assets |  |  | 38,540 |  |  |  | 38,540 |
Constructions in progress |  |  | 731,787 |  |  |  | 486,345 |
Machinery, plant and equipment |  |  | 3,464,881 |  |  |  | 3,304,061 |
Total |  |  | 5,556,401 |  |  |  | 5,075,732 |
Accumulated depreciation and value impairment of property, plant and equipment, total |  |  |  |  |  |  |  |
Accumulated depreciation and impairment of buildings |  |  | (496,533 | ) |  |  | (465,423 | )
Accumulated depreciation and impairment of other property, plant and equipment |  |  | (206,736 | ) |  |  | (198,820 | )
Accumulated depreciation and impairment of transport equipment |  |  | (10,894 | ) |  |  | (10,150 | )
Accumulated depreciation and impairment of supplies and accessories |  |  | (23,230 | ) |  |  | (21,918 | )
Accumulated depreciation and impairment of office equipment |  |  | (11,557 | ) |  |  | (11,148 | )
Accumulated depreciation and impairment of network and communication equipment |  |  | (8,218 | ) |  |  | (7,679 | )
Accumulated depreciation and impairment of mining assets |  |  | (157,648 | ) |  |  | (147,510 | )
Accumulated depreciation and impairment of IT equipment |  |  | (26,886 | ) |  |  | (25,546 | )
Accumulated depreciation and impairment of energy generating assets |  |  | (34,570 | ) |  |  | (33,662 | )
Accumulated depreciation and impairment of machinery, plant and equipment |  |  | (2,567,904 | ) |  |  | (2,416,557 | )
Total |  |  | (3,544,176 | ) |  |  | (3,338,413 | )
Description of classes of property, plant and equipment |  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |
Property, plant and equipment, net |  |  |  |  |  |  |  |
Pumps |  |  | 28,889 |  |  |  | 28,184 |
Conveyor Belt |  |  | 18,294 |  |  |  | 20,117 |
Crystallizer |  |  | 20,189 |  |  |  | 22,145 |
Plant Equipment |  |  | 168,370 |  |  |  | 173,335 |
Tanks |  |  | 22,358 |  |  |  | 15,367 |
Filter |  |  | 41,438 |  |  |  | 35,553 |
Electrical equipment/facilities |  |  | 97,594 |  |  |  | 93,937 |
Other Property, Plant & Equipment |  |  | 71,150 |  |  |  | 49,930 |
Site Closure |  |  | 34,248 |  |  |  | 36,828 |
Piping |  |  | 106,317 |  |  |  | 102,578 |
Well |  |  | 202,982 |  |  |  | 226,347 |
Pond |  |  | 42,547 |  |  |  | 41,906 |
Spare Parts (1) |  |  | 42,601 |  |  |  | 41,277 |
Total |  |  | 896,977 |  |  |  | 887,504 |
| (1) | The reconciliation of the spare parts provision as of December 31, 2021 and 2020 is as follows:
Conciliation |  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | 42,881 |  |  |  | 39,265 |
Increase in provision |  |  | 5,381 |  |  |  | 3,616 |
Closing balance |  |  | 48,262 |  |  |  | 42,881 |
15.2 | Reconciliation of changes in property, plant and equipment by type:
Reconciliation of changes in property, plant and equipment by class as of December 31, 2021 and 2020:
Reconciliation of changes in property, plant and equipment by class as of December 31, 2021, gross amount |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | 23,579 |  |  |  | 705,089 |  |  |  | 234,238 |  |  |  | 13,030 |  |  |  | 26,101 |  |  |  | 11,607 |  |  |  | 8,951 |  |  |  | 194,562 |  |  |  | 29,629 |  |  |  | 38,540 |  |  |  | 486,345 |  |  |  | 3,304,061 |  |  |  | 5,075,732 |
Additions |  |  | - |  |  |  | - |  |  |  | 346 |  |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | 58 |  |  |  | - |  |  |  | 232 |  |  |  | - |  |  |  | 470,112 |  |  |  | 756 |  |  |  | 471,533 |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Increase (decrease) in foreign currency translation difference |  |  | (72 | ) |  |  | (152 | ) |  |  | (8 | ) |  |  | (3 | ) |  |  | (14 | ) |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | (166 | ) |  |  | (427 | )
Reclassifications |  |  | - |  |  |  | 62,185 |  |  |  | 5,009 |  |  |  | 342 |  |  |  | 2,699 |  |  |  | 1,310 |  |  |  | 553 |  |  |  | 1,327 |  |  |  | 510 |  |  |  | - |  |  |  | (224,945 | ) |  |  | 155,900 |  |  |  | 4,890 |
Other increases (decreases) |  |  | - |  |  |  | (26 | ) |  |  | (3 | ) |  |  | (12 | ) |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | - |  |  |  | 94 |  |  |  | - |  |  |  | 275 |  |  |  | 4,330 |  |  |  | 4,673 |
Decreases for classification as held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total changes |  |  | (72 | ) |  |  | 62,007 |  |  |  | 5,344 |  |  |  | 327 |  |  |  | 2,685 |  |  |  | 1,336 |  |  |  | 626 |  |  |  | 1,327 |  |  |  | 827 |  |  |  | - |  |  |  | 245,442 |  |  |  | 160,820 |  |  |  | 480,669 |
Closing balance |  |  | 23,507 |  |  |  | 767,096 |  |  |  | 239,582 |  |  |  | 13,357 |  |  |  | 28,786 |  |  |  | 12,943 |  |  |  | 9,577 |  |  |  | 195,889 |  |  |  | 30,456 |  |  |  | 38,540 |  |  |  | 731,787 |  |  |  | 3,464,881 |  |  |  | 5,556,401 |
Reconciliation of changes in property, plant and equipment by class as of December 31, 2021, accumulated depreciation |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | - |  |  |  | (465,423 | ) |  |  | (198,820 | ) |  |  | (10,150 | ) |  |  | (21,918 | ) |  |  | (11,148 | ) |  |  | (7,679 | ) |  |  | (147,510 | ) |  |  | (25,546 | ) |  |  | (33,662 | ) |  |  | - |  |  |  | (2,416,557 | ) |  |  | (3,338,413 | )
Changes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Depreciation expense |  |  | - |  |  |  | (30,872 | ) |  |  | (7,848 | ) |  |  | (759 | ) |  |  | (1,384 | ) |  |  | (383 | ) |  |  | (539 | ) |  |  | (10,138 | ) |  |  | (1,387 | ) |  |  | (908 | ) |  |  | - |  |  |  | (141,460 | ) |  |  | (195,678 | )
Impairment (3) |  |  | - |  |  |  | (456 | ) |  |  | (75 | ) |  |  | - |  |  |  | (16 | ) |  |  | (8 | ) |  |  | - |  |  |  | - |  |  |  | (8 | ) |  |  | - |  |  |  | - |  |  |  | (5,019 | ) |  |  | (5,582 | )
Increase (decrease) in foreign currency translation difference |  |  | - |  |  |  | 72 |  |  |  | 7 |  |  |  | 3 |  |  |  | 14 |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 97 |  |  |  | 204 |
Reclassifications |  |  | - |  |  |  | 106 |  |  |  | (1 | ) |  |  | 12 |  |  |  | 74 |  |  |  | (20 | ) |  |  | - |  |  |  | - |  |  |  | 47 |  |  |  | - |  |  |  | - |  |  |  | (5,108 | ) |  |  | (4,890 | )
Other increases (decreases) (1) |  |  | - |  |  |  | 40 |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | 143 |  |  |  | 183 |
Decreases for classification as held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total changes |  |  | - |  |  |  | (31,110 | ) |  |  | (7,916 | ) |  |  | (744 | ) |  |  | (1,312 | ) |  |  | (409 | ) |  |  | (539 | ) |  |  | (10,138 | ) |  |  | (1,340 | ) |  |  | (908 | ) |  |  | - |  |  |  | (151,347 | ) |  |  | (205,763 | )
Closing balance |  |  | - |  |  |  | (496,533 | ) |  |  | (206,736 | ) |  |  | (10,894 | ) |  |  | (23,230 | ) |  |  | (11,557 | ) |  |  | (8,218 | ) |  |  | (157,648 | ) |  |  | (26,886 | ) |  |  | (34,570 | ) |  |  | - |  |  |  | (2,567,904 | ) |  |  | (3,544,176 | )
Reconciliation of changes in property, plant and equipment by class as of December 31, 2021, net amount |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | 23,579 |  |  |  | 239,666 |  |  |  | 35,418 |  |  |  | 2,880 |  |  |  | 4,183 |  |  |  | 459 |  |  |  | 1,272 |  |  |  | 47,052 |  |  |  | 4,083 |  |  |  | 4,878 |  |  |  | 486,345 |  |  |  | 887,504 |  |  |  | 1,737,319 |
Additions |  |  | - |  |  |  | - |  |  |  | 346 |  |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | 58 |  |  |  | - |  |  |  | 232 |  |  |  | - |  |  |  | 470,112 |  |  |  | 756 |  |  |  | 471,533 |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Depreciation expense |  |  | - |  |  |  | (30,872 | ) |  |  | (7,848 | ) |  |  | (759 | ) |  |  | (1,384 | ) |  |  | (383 | ) |  |  | (539 | ) |  |  | (10,138 | ) |  |  | (1,387 | ) |  |  | (908 | ) |  |  | - |  |  |  | (141,460 | ) |  |  | (195,678 | )
Impairment (3) |  |  | - |  |  |  | (456 | ) |  |  | (75 | ) |  |  | - |  |  |  | (16 | ) |  |  | (8 | ) |  |  | - |  |  |  | - |  |  |  | (8 | ) |  |  | - |  |  |  | - |  |  |  | (5,019 | ) |  |  | (5,582 | )
Increase (decrease) in foreign currency translation difference |  |  | (72 | ) |  |  | (80 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (69 | ) |  |  | (223 | )
Reclassifications |  |  | - |  |  |  | 62,291 |  |  |  | 5,008 |  |  |  | 354 |  |  |  | 2,773 |  |  |  | 1,290 |  |  |  | 553 |  |  |  | 1,327 |  |  |  | 557 |  |  |  | - |  |  |  | (224,945 | ) |  |  | 150,792 |  |  |  | - |
Other increases (decreases) (1) |  |  | - |  |  |  | 14 |  |  |  | (2 | ) |  |  | (12 | ) |  |  | - |  |  |  | - |  |  |  | 15 |  |  |  | - |  |  |  | 93 |  |  |  | - |  |  |  | 275 |  |  |  | 4,473 |  |  |  | 4,856 |
Decreases for classification as held for sale (2) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total changes |  |  | (72 | ) |  |  | 30,897 |  |  |  | (2,572 | ) |  |  | (417 | ) |  |  | 1,373 |  |  |  | 927 |  |  |  | 87 |  |  |  | (8,811 | ) |  |  | (513 | ) |  |  | (908 | ) |  |  | 245,442 |  |  |  | 9,473 |  |  |  | 274,906 |
Closing balance |  |  | 23,507 |  |  |  | 270,563 |  |  |  | 32,846 |  |  |  | 2,463 |  |  |  | 5,556 |  |  |  | 1,386 |  |  |  | 1,359 |  |  |  | 38,241 |  |  |  | 3,570 |  |  |  | 3,970 |  |  |  | 731,787 |  |  |  | 896,977 |  |  |  | 2,012,225 |
(1) The net balance of “Other Increases (Decreases)” corresponds to all those items that are reclassified to or from “Property, Plant and Equipment”, They can have the following origin: (i) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; (ii) the variation representing the purchase and use of materials and spare parts; (iii) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; (iv) software that is reclassified to “Intangibles (v) Provisions related to the investment plan and assets related to closing the site. (2) The Company classifies as non-current held for sale property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale. (3) See note 21.5.
Reconciliation of changes in property, plant and equipment by class as of December 31, 2020, gross amount |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | 23,620 |  |  |  | 666,027 |  |  |  | 257,247 |  |  |  | 12,143 |  |  |  | 25,531 |  |  |  | 11,441 |  |  |  | 8,009 |  |  |  | 161,619 |  |  |  | 28,693 |  |  |  | 38,495 |  |  |  | 375,316 |  |  |  | 3,142,461 |  |  |  | 4,750,602 |
Additions |  |  | - |  |  |  | 838 |  |  |  | 278 |  |  |  | - |  |  |  | 82 |  |  |  | 33 |  |  |  | 386 |  |  |  | - |  |  |  | 429 |  |  |  | - |  |  |  | 319,192 |  |  |  | 987 |  |  |  | 322,225 |
Disposals |  |  | - |  |  |  | - |  |  |  | (33,048 | ) |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (149 | ) |  |  | (33,198 | )
Increase (decrease) in foreign currency translation difference |  |  | 22 |  |  |  | 49 |  |  |  | 2 |  |  |  | 1 |  |  |  | 5 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12 |  |  |  | - |  |  |  | - |  |  |  | 53 |  |  |  | 144 |
Reclassifications |  |  | - |  |  |  | 32,179 |  |  |  | 9,940 |  |  |  | 886 |  |  |  | 488 |  |  |  | 133 |  |  |  | 558 |  |  |  | 32,943 |  |  |  | 548 |  |  |  | 45 |  |  |  | (203,412 | ) |  |  | 125,692 |  |  |  | - |
Other increases (decreases) |  |  | (27 | ) |  |  | 5,996 |  |  |  | (181 | ) |  |  | - |  |  |  | (4 | ) |  |  | - |  |  |  | (2 | ) |  |  | - |  |  |  | (53 | ) |  |  | - |  |  |  | (4,751 | ) |  |  | 35,017 |  |  |  | 35,995 |
Decreases for classification as held for sale |  |  | (36 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (36 | )
Total changes |  |  | (41 | ) |  |  | 39,062 |  |  |  | (23,009 | ) |  |  | 887 |  |  |  | 570 |  |  |  | 166 |  |  |  | 942 |  |  |  | 32,943 |  |  |  | 936 |  |  |  | 45 |  |  |  | 111,029 |  |  |  | 161,600 |  |  |  | 325,130 |
Closing balance |  |  | 23,579 |  |  |  | 705,089 |  |  |  | 234,238 |  |  |  | 13,030 |  |  |  | 26,101 |  |  |  | 11,607 |  |  |  | 8,951 |  |  |  | 194,562 |  |  |  | 29,629 |  |  |  | 38,540 |  |  |  | 486,345 |  |  |  | 3,304,061 |  |  |  | 5,075,732 |
Reconciliation of changes in property, plant and equipment by class as of December 31, 2020, accumulated depreciation |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | - |  |  |  | (438,854 | ) |  |  | (224,602 | ) |  |  | (9,457 | ) |  |  | (20,952 | ) |  |  | (11,021 | ) |  |  | (7,346 | ) |  |  | (138,445 | ) |  |  | (24,334 | ) |  |  | (32,497 | ) |  |  | - |  |  |  | (2,273,188 | ) |  |  | (3,180,696 | )
Changes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Disposals |  |  | - |  |  |  | - |  |  |  | 33,048 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 148 |  |  |  | 33,197 |
Depreciation expense |  |  | - |  |  |  | (26,779 | ) |  |  | (7,284 | ) |  |  | (692 | ) |  |  | (966 | ) |  |  | (126 | ) |  |  | (335 | ) |  |  | (9,065 | ) |  |  | (1,242 | ) |  |  | (1,165 | ) |  |  | - |  |  |  | (134,230 | ) |  |  | (181,884 | )
Impairment |  |  | - |  |  |  | (23 | ) |  |  | (21 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (12 | ) |  |  | - |  |  |  | - |  |  |  | (9,507 | ) |  |  | (9,563 | )
Increase (decrease) in foreign currency translation difference |  |  | - |  |  |  | (20 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (10 | ) |  |  | - |  |  |  | - |  |  |  | (28 | ) |  |  | (66 | )
Reclassifications |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other increases (decreases) (1) |  |  | - |  |  |  | 253 |  |  |  | 41 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 52 |  |  |  | - |  |  |  | - |  |  |  | 248 |  |  |  | 599 |
Decreases for classification as held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total changes |  |  | - |  |  |  | (26,569 | ) |  |  | 25,782 |  |  |  | (693 | ) |  |  | (966 | ) |  |  | (127 | ) |  |  | (333 | ) |  |  | (9,065 | ) |  |  | (1,212 | ) |  |  | (1,165 | ) |  |  | - |  |  |  | (143,369 | ) |  |  | (157,717 | )
Closing balance |  |  | - |  |  |  | (465,423 | ) |  |  | (198,820 | ) |  |  | (10,150 | ) |  |  | (21,918 | ) |  |  | (11,148 | ) |  |  | (7,679 | ) |  |  | (147,510 | ) |  |  | (25,546 | ) |  |  | (33,662 | ) |  |  | - |  |  |  | (2,416,557 | ) |  |  | (3,338,413 | )
Reconciliation of changes in property, plant and equipment by class as of December 31, 2020, net amount |  | Land |  |  | Buildings |  |  | Other property, plant and equipment |  |  | Transport equipment |  |  | Supplies and accessories |  |  | Equipment office |  |  | Network and communication equipment |  |  | Mining assets |  |  | IT equipment |  |  | Energy generating assets |  |  | Assets under construction |  |  | Machinery, plant and equipment |  |  | Property, plant and equipment |
|  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |  |  | ThUS$ |
Opening balance |  |  | 23,620 |  |  |  | 227,173 |  |  |  | 32,645 |  |  |  | 2,686 |  |  |  | 4,579 |  |  |  | 420 |  |  |  | 663 |  |  |  | 23,174 |  |  |  | 4,359 |  |  |  | 5,998 |  |  |  | 375,316 |  |  |  | 869,273 |  |  |  | 1,569,906 |
Additions |  |  | - |  |  |  | 838 |  |  |  | 278 |  |  |  | - |  |  |  | 82 |  |  |  | 33 |  |  |  | 386 |  |  |  | - |  |  |  | 429 |  |  |  | - |  |  |  | 319,192 |  |  |  | 987 |  |  |  | 322,225 |
Disposals |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | (1 | )
Depreciation expense |  |  | - |  |  |  | (26,779 | ) |  |  | (7,284 | ) |  |  | (692 | ) |  |  | (966 | ) |  |  | (126 | ) |  |  | (335 | ) |  |  | (9,065 | ) |  |  | (1,242 | ) |  |  | (1,165 | ) |  |  | - |  |  |  | (134,230 | ) |  |  | (181,884 | )
Deterioration |  |  | - |  |  |  | (23 | ) |  |  | (21 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (12 | ) |  |  | - |  |  |  | - |  |  |  | (9,507 | ) |  |  | (9,563 | )
Increase (decrease) in foreign currency translation difference |  |  | 22 |  |  |  | 29 |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 25 |  |  |  | 78 |
Reclassifications |  |  | - |  |  |  | 32,179 |  |  |  | 9,940 |  |  |  | 886 |  |  |  | 488 |  |  |  | 133 |  |  |  | 558 |  |  |  | 32,943 |  |  |  | 548 |  |  |  | 45 |  |  |  | (203,412 | ) |  |  | 125,692 |  |  |  | - |
Other increases (decreases) (1) |  |  | (27 | ) |  |  | 6,249 |  |  |  | (140 | ) |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |  |  |  | (4,751 | ) |  |  | 35,265 |  |  |  | 36,594 |
Decreases for classification as held for sale (2) |  |  | (36 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (36 | )
Total changes |  |  | (41 | ) |  |  | 12,493 |  |  |  | 2,773 |  |  |  | 194 |  |  |  | (396 | ) |  |  | 39 |  |  |  | 609 |  |  |  | 23,878 |  |  |  | (276 | ) |  |  | (1,120 | ) |  |  | 111,029 |  |  |  | 18,231 |  |  |  | 167,413 |
Closing balance |  |  | 23,579 |  |  |  | 239,666 |  |  |  | 35,418 |  |  |  | 2,880 |  |  |  | 4,183 |  |  |  | 459 |  |  |  | 1,272 |  |  |  | 47,052 |  |  |  | 4,083 |  |  |  | 4,878 |  |  |  | 486,345 |  |  |  | 887,504 |  |  |  | 1,737,319 |
(1) The net balance of “Other increases (Decreases)” corresponds to all those items that are reclassified to or from property, plant and equipment, They can have the following origin: (i) work in progress which is expensed to profit or loss, forming part of operating costs or other expenses per function, as appropriate; (ii) the variation representing the purchase and use of materials and spare parts; (iii) projects corresponding mainly to exploration expenditures and ground studies that are reclassified to the item other non-current financial assets; (iv) software that is reclassified to “Intangibles”, (v) Provisions related to the investment plan and assets associated to closing the site. (2) The Company classifies as non-current held for sale property, plant and equipment (disposal group) that, at the closing date of the financial statements, is subject to a commitment for sale or where the sales process has been initiated and where the sale is expected to occur within twelve months of that date. These assets or disposal groups are valued at the lower of carrying amount or the estimated sales value less the costs to sell and stop being amortized from the moment they are classified as non-current assets held for sale.
15.3 | Detail of property, plant and equipment pledged as guarantee
There are no restrictions in title or guarantees for compliance with obligations that affect property, plant and equipment.
| 15.4 | Cost of capitalized interest, property, plant and equipment
The cost of interest is recognized by applying an average or average weighted interest rate for all financing costs incurred by the Company to the final monthly balances for works underway and complies with the requirements of IAS 23. Financing costs are not activated for periods that exceed the normal term for acquisition, construction or installation of the property; such is the case for delays, interruptions or temporary suspension of the project due to technical, financial or other problems that make it impossible to leave the property in usable conditions. The rates and costs for capitalized interest of property, plant and equipment are detailed as follows:
Costs of capitalized interest |  | As of December 31, 2021 |  |  | As of December 31, 2020 |
|  | ThUS$ |  |  | ThUS$ |
Capitalized interest rate |  |  | 4 | % |  |  | 4 | %
Amount of interest cost capitalized |  |  | 14,206 |  |  |  | 8,462 |

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