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Exploration and evaluation expenditure (Tables) | 12 Months Ended
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Dec. 31, 2024
Exploration And Evaluation Expenditure [Abstract] |
Summary of exploration and evaluation expenditure | The charge for the year and the net amount of intangible assets capitalised during the year are as follows.
| 2024 US$m | 2023 US$m | 2022 US$m
Expenditure in the year (inclusive of net cash proceeds of nil (2023: US$88 million; 2022: US$1 million) on disposal of undeveloped projects)(a) | (1,337) | (1,684) | (1,097)
Non-cash movements and non-cash proceeds on disposal of undeveloped projects | (15) | (17) | (6)
Amount capitalised during the year | 416 | 471 | 207
Exploration and evaluation expenditure (net of profit from disposal of interests in undeveloped projects) per income statement | (936) | (1,230) | (896)
Comprising: |  |  |
–Exploration and evaluation expenditures | (935) | (1,384) | (897)
–(Loss)/profit from disposal of interests in undeveloped projects(a) | (1) | 154 | 1
(a)In 2023, net cash proceeds of US$88 million were received in relation to the sale of a 55% interest in the undeveloped La Granja project in Peru, for which we recognised a gain on disposal of US$154 million. This profit is recorded within underlying EBITDA as it represents recovery of past exploration and evaluation expenditures that were also included within underlying EBITDA. Refer to note 5 for details of the transaction.

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- Definition Exploration and evaluation expenditure [abstract] + References No definition available. + Details
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