https://www.engineeringnews.co.za

Glencore paid $5.7bn in taxes, royalties to governments in 2018

1st July 2019

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Diversified miner Glencore made $5.7-billion worth of payments to governments in 2018.

This include income taxes, royalties and other payments.

“Our activities within our operating countries enable governments to monetise their natural resources. Governments can use tax and royalty payments to provide its citizens with services and infrastructure that improve their quality of life,” CFO Steve Kalmin said on Monday.

Australia received the highest payment of $1.1-billion.

Glencore paid the Democratic Republic of the Congo $593-million, Peru $580-million, Kazakhstan $357-million, South Africa $185-million, Chile $277-million and Colombia $273-million.

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. Its industrial and marketing activities are supported by a global network of more than 90 offices, and around 150 mining and metallurgical sites, in more than 50 countries.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.638s - 140pq - 2rq
Subscribe Now