By LSE RNS
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.
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