RNS Number : 7113C
KAZ Minerals PLC
30 June 2016
Report on Payments to Governments for the year ended 31 December 2015
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 2015.
The table below represents the Group's consolidated report on payments made to governments under
The Reports on Payments to Governments Regulations 2014 which became effective for the first time for the year ended 31 December
2015. The table includes all payments made in excess of £86,000 ($130,000) 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 2015, total payments to governments under the Regulations amounted
to $126.5 million.
|
US$'000
|
Corporate
income tax
|
Mineral
Extraction
Tax(1)
|
Withholding
tax
|
Licence fees(2)
|
Infrastructure
and social payments(3)
|
Total
|
|
Kazakhstan
|
|
|
|
|
|
|
|
Artemyevsky - License
|
-
|
15,720
|
-
|
427
|
-
|
16,147
|
|
Irtyshsky- License
|
-
|
7,436
|
-
|
149
|
-
|
7,585
|
|
Orlovsky - License
|
-
|
23,836
|
-
|
-
|
-
|
23,836
|
|
Yubileyno-Snegirikhinsky - License
|
-
|
5,126
|
-
|
-
|
-
|
5,126
|
|
Legal entity
|
30,481
|
-
|
613
|
-
|
11,072
|
42,166
|
|
Total East Region
|
30,481
|
52,118
|
613
|
576
|
11,072
|
94,860
|
|
Aktogay Project and legal entity
|
3,198
|
2,945
|
307
|
535
|
620
|
7,605
|
|
Bozshakol Project and legal entity
|
-
|
1,532
|
285
|
-
|
2,629
|
4,446
|
|
Koksay Project and legal entity
|
-
|
-
|
11,389
|
-
|
-
|
11,389
|
|
Other legal entities
|
155
|
-
|
-
|
-
|
-
|
155
|
|
|
33,834
|
56,595
|
12,594
|
1,111
|
14,321
|
118,455
|
|
Recipient
|
|
|
|
|
|
|
|
State Revenue Committee
|
33,834
|
56,595
|
12,594
|
1,111
|
-
|
104,134
|
|
Local Authorities
|
-
|
-
|
-
|
-
|
14,321
|
14,321
|
|
|
33,834
|
56,595
|
12,594
|
1,111
|
14,321
|
118,455
|
|
Kyrgyzstan
|
|
|
|
|
|
|
|
Bozymchak project and legal entity
|
-
|
1,007
|
137
|
-
|
430
|
1,574
|
|
Recipient
|
|
|
|
|
|
|
|
State Tax Administration (central government)
|
-
|
1,007
|
137
|
-
|
-
|
1,144
|
|
Local Authority - Alabuka Region
|
-
|
-
|
-
|
-
|
430
|
430
|
|
|
-
|
1,007
|
137
|
-
|
430
|
1,574
|
|
|
|
|
|
|
|
|
|
United Kingdom
|
|
|
|
|
|
|
|
Legal entity paid to HMRC
|
6,364
|
-
|
-
|
-
|
-
|
6,364
|
|
|
|
|
|
|
|
|
|
Hong Kong
|
|
|
|
|
|
|
|
Legal entity paid to Inland Revenue Department
|
145
|
-
|
-
|
-
|
-
|
145
|
|
|
|
|
|
|
|
|
|
Total Payments to Governments
|
40,343
|
57,602
|
12,731
|
1,111
|
14,751
|
126,538
|
(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.
(2) Payments made as required under subsoil use license.
(3) Infrastructure and social payments of $14.8 million 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 include a statutory infrastructure
development levy which is based on a fixed proportion of revenue at 2%.
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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