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v3.23.4

Property, plant and equipment | 6 Months Ended
--- | ---
Jun. 30, 2023
Property, plant and equipment |
Property, plant and equipment | 14.Property, plant and equipment Reconciliation of carrying amount ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Freehold land |  | Plant and |  | Right-of-use |  | Mine |  | ​
US$ thousand | ​ | and buildings | ​ | equipment | ​ | assets | ​ | development | ​ | Total
Cost |  |  |  |  |  |  |  |  |  |
Balance at 1 January 2023 |  | — |  | — |  | — |  | — |  | —
Acquired through business combination |  | 1,128 |  | 306,381 |  | 398 |  | 946,766 |  | 1,254,673
Additions |  | — |  | 564 |  | 15,733 |  | 1,698 |  | 17,995
Disposals |  | — |  | (16,564) |  | — |  | — |  | (16,564)
Balance at 30 June 2023 |  | 1,128 |  | 290,381 |  | 16,131 |  | 948,464 |  | 1,256,104
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated depreciation |  |  |  |  |  |  |  |  |  |
Balance at 1 January 2023 |  | — |  | — |  | — |  | — |  | —
Depreciation for the period |  | 16 |  | 1,146 |  | 131 |  | 1,908 |  | 3,201
Balance at 30 June 2023 |  | 16 |  | 1,146 |  | 131 |  | 1,908 |  | 3,201
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Carrying amounts |  |  |  |  |  |  |  |  |  |
At 1 January 2022 |  | — |  | — |  | — |  | — |  | —
At 31 December 2022 |  | — |  | — |  | — |  | — |  | —
At 30 June 2023 |  | 1,112 |  | 289,235 |  | 16,000 |  | 946,556 |  | 1,252,903
​ As part of the acquisition of CMPL, the Group recognised property, plant and equipment of $1,254,673 thousand (Refer Note 25). As part of a sale and leaseback arrangement for certain underground equipment, the Group recognised ROU asset amounting to $15,733 thousand (Refer Note 17). No impairment loss was recognised for the 6 months ended on 30 June 2023 as no indicators of impairment were identified due to timing of acquisition of CMPL. Immediately following completion of the initial Business Combination, the Group undertook a whitewash procedure on assets of CMPL in accordance with section 260B of the Corporation Act 2001 (Cth) to facilitate the provision of financial assistance relating to the granting of security to the financiers and Glencore Operations Australia in connection with the acquisition of CMPL. Compliance with the section 260B whitewash regime was a condition subsequently imposed under all the funding agreements entered into with the Senior Lenders, Mezzanine Lenders and Osisko. Following the completion of section 260B whitewash (and statutory notice periods) all of the secured parties (Senior Lenders, Mezzanine Lenders, Osisko and Glencore Australia Operations) were granted security over substantially all the assets and properties of the CMPL as follows (i) general security agreements over all of the present and future assets and undertakings of CMPL, (ii) a mining mortgage over the key tenements, (iii) real property mortgages over key real estate and project leases of CMPL and (iv) a mortgage over key water access licenses for CMPL.

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
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