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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kaz Minerals Plc | LSE:KAZ | London | Ordinary Share | GB00B0HZPV38 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 849.00 | 849.00 | 849.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKAZ
RNS Number : 7483J
KAZ Minerals PLC
30 June 2017
Report on Payments to Governments for the year ended 31 December 2016
KAZ Minerals PLC ("KAZ Minerals" or "the Group") today provides information in accordance with DTR4.3A and The Reports on Payments to Governments Regulations 2014 (the "Regulations") in respect of payments made by the Group for the year ended 31 December 2016.
Payments to Governments
The table below represents the Group's consolidated report on payments made to governments under the Regulations. The table includes all payments made in excess of GBP86,000 ($116,000) for activities related to the exploration, prospecting, discovery, development and extraction of minerals by project, government type and country, rounded to the nearest thousand US Dollars.
For the year ended 31 December 2016, payments to governments under the Regulations amounted to $169.7 million.
Mineral Extraction Corporate Tax Infrastructure income and Withholding Signature Licence and social US$'000 tax Royalties(1) tax bonus fee(2) payments(3) Total KAZAKHSTAN -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- Artemyevsky - License - 11,143 - 965 - - 12,108 Irtyshsky - License - 6,677 - - 326 - 7,003 Orlovsky - License - 27,368 - - - - 27,368 Yubileyno-Snegirihinsky - License - 3,714 - - 132 - 3,846 Legal entity 29,824 - 351 - - 4,485 34,660 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- Total East Region 29,824 48,902 351 965 458 4,485 84,985 Aktogay project and legal entity 8,494 18,809 515 - 1,051 600 29,469 Bozshakol project and legal entity - 46,359 208 - 148 2,153 48,868 Koksay project and legal entity - - - - - - - Other legal entities 461 - - - - 195 656 38,779 114,070 1,074 965 1,657 7,433 163,978 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- RECIPIENT State Revenue Committee 38,779 114,070 1,074 965 1,657 - 156,545 Local government - - - - - 7,433 7,433 38,779 114,070 1,074 965 1,657 7,433 163,978 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- KYRGYZSTAN Bozymchak licence and legal entity - 3,533 544 - - 1,632 5,709 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- RECIPIENT State Tax Administration (central government) - 3,123 544 - - 1,322 4,989 Local government - 410 - - - 310 720 - 3,533 544 - - 1,632 5,709 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- -------- Payments to Governments 38,779 117,603 1,618 965 1,657 9,065 169,687 -------------------------- ---------- -------------- ------------ ---------- -------- --------------- --------
(1) The Mineral Extraction Tax is payable on the value of the mineral resources extracted based on the average price of the minerals on the London Metal Exchange or at the London Precious Metal Exchange. Royalties are paid by the Bozymchak operation once metal is sold with a portion thereof paid to local government.
(2) Payments made as required under subsoil use license.
(3) Infrastructure and social payments of $7.4 million made in Kazakhstan represent payments made to bodies, associations, trusts and other public interest groups located in the regions in which the Group operates. These payments include the transfer of assets at their book value, which the Group regards as infrastructure and social payments, as these benefit local communities. The infrastructure payments reflected as part of the Bozymchak operation includes a statutory infrastructure development levy which is based on a percentage of revenues. Part of this payment is made to local government.
A copy of this report can be found on the Company's website at http://www.kazminerals.com/en/investors_media/investor_library
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 30, 2017 09:00 ET (13:00 GMT)
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