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Report on Payments to Governments for FY16-17

Related Companies

By LSE RNS

RNS Number : 4522R
Vedanta Resources PLC
21 September 2017
 

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ Tel: +44 (0) 20 7499 5900

Fax: +44 (0) 20 7491 8440 www.vedantaresources.com

 

 

 

 

Report on Payments to Governments for the year 2016-2017 and Taxes Paid in 2016-2017

 

Vedanta Resources plc ("Vedanta" 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 March 2017.

 

The Regulations came into force on 1 December 2014 and requires UK companies in the mining sector to publicly disclose payments made to governments in the countries where they undertake such operations.

 

The table below represents the Group's consolidated report on payments made to governments ("the Report") under the Regulations for the year ended 31 March 2017. The Report has been prepared in compliance with chapter 10 of the Regulation. The table includes all payments made in excess of £86,000 ($130,000) for the year ended 31 March 2017, with the total payments by Vedanta to governments under the Regulations amounted to US$3.07 billion.

 

Vedanta has submitted a copy of the Report for the year ended 31 March 2017 to the National Storage Mechanism which will shortly be available for inspection at  www.hemscott.com.nsm.do. The Report for the year ended 31 March 2017 will also be filed at Companies House.

 

As a voluntary initiative Vedanta also prepare a 'Tax Transparency Report' (TTR) to ensure proactive transparency in tax reporting and greater accountability towards stakeholders which helps in getting detailed information about the overall economic contribution of Vedanta to the government of countries where it operates. The TTR is also more comprehensive than the mandatory filing and, in addition to reporting specific payments in relation to extractive projects under the Regulations, includes the wider payments made by Vedanta to governments in each of the main countries in which it operates.

 

The TTR is available to download at http://sustainabledevelopment.vedantaresources.com/sustainable- development/performance-and-reports.html

 

Text of Report on Payments to Governments for the year ended 31 March 2017.

Payments Report - Project wide disclosure (all amounts in USD Millions).

 

 

Project Code

 

Project Name

 

Country

Code List

 

Payment Type

 

Unit

Measure

 

Volume

Valuatio n Method

 

Currenc y

 

Amount

 

Company

Name

Compan y Number

 

Notes

 

Report Name

 

Report End

Date

 

Version

 

Report

Notes

 

Filing

Date

 

 

HZL001

 

Hindustan Zinc

Ltd

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

1,026.97

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

HZL-ZM-001

 

 

HZL-Zawar Mine

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

24.90

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

HZL-RD-001

 

 

HZL-RD Mine

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

13.32

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

HZL-SK-001

 

 

HZL-SK Mine

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

76.53

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

HZL-RA-001

 

 

HZL-RA Mines

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

194.36

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

HZL-KY-001

 

 

HZL-Kayad Mines

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

23.91

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL001

 

 

Cairn India Ltd

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

-17.46

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-RJ-001

 

 

CIL-RJ-ON-90/1

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

320.52

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-KG-001

 

 

CIL-KG-OSN

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

30.24

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-RJ-001

 

 

CIL-RJ-ON-90/1

 

 

India

 

Production entitlements

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

576.35

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-KG-001

 

 

CIL-KG-OSN

 

 

India

 

Production entitlements

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

180.66

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-CB-001

 

 

CIL-CB-OS/2

 

 

India

 

Production entitlements

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

63.87

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-RJ-001

 

 

CIL-RJ-ON-90/1

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

433.38

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-KG-001

 

 

CIL-KG-OSN

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

9.85

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-CB-001

 

 

CIL-CB-OS/2

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.28

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CIL-KG-001

 

 

CIL-KG-OSN

 

 

India

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.68

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

 

VEDL-Copper-

001

 

 

VEDL-C-Tuti

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

2.09

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-Copper-

001

 

 

VEDL-C-Tuti

 

 

India

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.10

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-GA-

001

VEDL-IO-

Botvadeacho

Dongor

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.15

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-GA-

002

 

VEDL-IO-C.A. Dongurli

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.31

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-GA-

003

 

VEDL-IO-Orasso

Dongor

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.09

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-GA-

004

 

VEDL-IO-Gadia

Sodo

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

19.99

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-GA-

005

 

VEDL-IO-Mareta

Sodo

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

2.69

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

VEDL-IO-KA-

001

 

 

VEDL-IO-KA-001

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

2.66

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

VEDL-Al-001

 

 

VEDL-AL-JS

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

3.24

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

VEDL-Al-001

 

 

VEDL-AL-JS

 

 

India

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.10

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SRL001

 

SRL-IO- Onvalienchi Math

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

3.03

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SRL002

 

SRL-IO-Tolpie- Mardando

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.09

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SMCL001

 

 

SMCL-IO-Lamgao

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.10

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SMCL002

 

SMCL-IO- Mandoorbaga

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

2.55

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SMCL003

 

SMCL-IO- Vagachiper

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.13

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

SMCL004

SMCL-IO-

Totichomor

Dongor

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

1.24

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

TSPL001

 

 

TSPL

 

 

India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.02

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

 

 

TSPL001

 

 

TSPL

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

9.42

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

VGCB001

 

 

VGCB

 

 

India

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

5.84

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

VGCB001

 

 

VGCB

 

 

India

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.49

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

KCM001

 

 

KCM

 

 

Zambia

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

31.14

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

Skorpion001

 

 

SZ

 

 

Nambia

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

1.23

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

BMM001

 

 

BMM

 

South

Africa

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

1.47

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

BMM001

 

 

BMM

 

South

Africa

 

 

Royalties

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.56

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

VEDL-corp-004

 

 

VEDL-Corp

 

 

US

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.19

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

FG001

 

 

FG

 

 

UAE

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.19

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

CMT001

 

 

CMT

 

 

Australia

 

Licence fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.21

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

BALCO001

 

 

BALCO

 

 

India

 

 

Royalty

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

14.36

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

Invt Co.001

 

 

THLZL

 

 

Mauritius

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.07

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

Invt Co.002

 

 

THLZHV

 

Netherlan ds

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

3.65

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

Invt Co.003

 

 

MCBV

 

Netherlan ds

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

2.95

 

Vedanta

Resources Plc

 

 

4740415

 

 

Extractive Industry

Reporting

 

 

31-03-2017

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

3,068.72

 

 

 

 

 

 

 

 

 

Payments Report - Payment by Government disclosure - (all amounts in USD Millions).

 

 

 

 

 

INDIA

Petroleum and Natural Gas, Government of India

n entitlements

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

820.88

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

INDIA

 

Mininstry of Finance, Government of India

 

 

Tax

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

443.51

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

INDIA

Petroleum and Natural Gas, Government of India

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.68

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

INDIA

Municipal Corporation, Government of Tamil

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.10

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

INDIA

Municipal Corporation, Government of Tamil

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.10

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

INDIA

Port Trust, Ministry of Shipping, Government of India

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.49

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

UAE

 

 

Fujairah Customs

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.19

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

Australia

 

Australian Taxation

Office

fees & other payments

 

 

Millions

 

 

NA

 

 

NA

 

 

USD

 

 

0.21

 

Vedanta

Resources Plc

 

 

4740415

 

Extractive Industry

Reporting

31-03-2017

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

3,068.72

 

 

 

 

 

 

 

 

 

For further information, please contact:

 

Deepak Kumar

Company Secretary

0207 499 5900

 

21 September 2017

 

 

Disclaimer

 

This press release contains "forward-looking statements"- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "should" or "will". Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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