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Trade and other payables
 6 Months Ended
Jun. 30, 2023
Trade and other payables.  
Trade and other payables

16.Trade and other payables

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30 June

    

31 December

    

1 January

US$ thousand

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2023

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2022

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2022

Trade payables due to third parties

 

13,805

 

927

 

604

Trade payables due to related parties

 

15,484

 

—

 

—

Advances received

 

12,251

 

—

 

—

Accrued expenses

 

18,889

 

—

 

—

Interest payable

 

1,673

 

—

 

—

Mining royalty

 

1,652

 

—

 

—

​

 

63,754

 

927

 

604

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Information about the Group’s exposure to market and liquidity risks in included in Note 21.

Trade payables

Trade payables are obligations to pay for goods and services. Trade payables have an average payment period of 23 days depending on the type of goods and services and the geographic area in which the purchase transaction occurs and the agreed terms. The carrying value of trade payables approximates fair value.