29.06.2018

Report on Payments to Governments FY 2017

For the year ended 31 December 2017, payments to governments under the Regulations amounted to $311.7 million.

US$'000

Corporate income tax

Mineral Extraction Tax and Royalties(1)

Withholding tax

Signature bonus

Licence fee(2)

Infrastructure and social payments(3)

Total

KAZAKHSTAN

             

Artemyevsky - License

-

15,708

-

- -

-

15,708

Irtyshsky - License

-

11,574

-

-

385 -

11,959

Orlovsky - License

-

26,098

- -

-

-

26,098

Yubileyno-Snegirihinsky - License

-

2,347

-

-

156

- 2,503

Legal entity

42,620

-

-

-

3,863

46,775

Total East Region

42,620

55,727

292

- 541 3,863

103,043

Aktogay license and legal entity

11,659 33,441 13,075

-

806

601 

59,582

Bozshakol license and legal entity

7,403

94,021

34,158

-

157

5,896

141,635

Koksay license and legal entity

-

-

-

-

-

Other legal entities

168

128

-

-

-

-

296

 

61,850

183,317 47,525 -

1,504

10,360

304,556

RECIPIENT

             

State Revenue Committee

61,850

183,317

47,525

- 698 -

293,390 

Local Authorities

-

- - - 806

10,360

11,165

  61,850

183,317

47,525

-

1,504

10,360

304,556 

               

KYRGYZSTAN

             

Bozymchak licence and legal entity

6,110 

 1,019

-

-

7,129

RECIPIENT

             

State Tax Administration (central government)

-

5,176 

1,019

- -

6,195

Local Authorities

-

934 

-

- - -

934

 

-

6,110

1,019

-

-

-

7,129
               

Payments to Governments

61,850

189,427 48,544 - 1,504 10,360 311,685
  1. The Mineral Extraction Tax is payable in Kazakhstan 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 Bullion Market Association. Royalties are paid by Bozymchak on sold metal.
  2. Payments made as required under subsoil use license.
  3. Infrastructure and social payments of $10.4 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.