Source - RNS
RNS Number : 3969L
Vedanta Resources PLC
30 September 2016
 

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 2015-2016 and Taxes Paid in 2015-2016

Introduction

Vedanta Resources plc ("Vedanta" or "the Group") today Friday 30th September 2016 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 2016.

The Reports on Payments to Governments Regulations (UK 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 under UK Regulations for the year ended 31 March 2016. The table includes all payments made in excess of £86,000 ($130,000) for the year ended 31 March 2016, total payments to governments under the Regulations amounted to US$2.17 billion.

The Report on Payment to Governments for the year ended 31 March 2016 will be filled at Companies House.

The Report has been prepared in compliance with chapter 10 of the Accounting Directive.

Vedanta has submitted a copy of the Report to the National Storage Mechanism which will shortly be available for inspection at www.hemscott.com.nsm.do.

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

The Tax Transparency report 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 2016

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Code

Project Name

Country Code List

Payment Type

Unit Measure

Volume

Valuation Method

Currency

Amount

Company Name

Company Number

Notes

Report Name

Report End Date

Version

Report  Notes

Filing Date

HZL001

Hindustan Zinc Ltd

India

Tax

Millions

NA

NA

USD

      355.01

Vedanta Resources Plc.

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

HZL-ZM-001

HZL-Zawar Mine

India

Royalties

Millions

NA

NA

USD

        13.73

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

HZL-RD-001

HZL-RD Mine

India

Royalties

Millions

NA

NA

USD

          7.66

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

HZL-SK-001

HZL-SK Mine

India

Royalties

Millions

NA

NA

USD

        40.89

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

HZL-RA-001

HZL-RA Mines

India

Royalties

Millions

NA

NA

USD

      112.45

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL001

Cairn India Ltd

India

Tax

Millions

NA

NA

USD

        30.77

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-RJ-001

CIL-RJ-ON-90/1

India

Royalties

Millions

NA

NA

USD

      350.26

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-KG-001

CIL-KG-OSN

India

Royalties

Millions

NA

NA

USD

        10.21

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-RJ-001

CIL-RJ-ON-90/1

India

Production entitlements

Millions

NA

NA

USD

      372.05

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-KG-001

CIL-KG-OSN

India

Production entitlements

Millions

NA

NA

USD

      117.58

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-CB-001

CIL-CB-OS/2

India

Production entitlements

Millions

NA

NA

USD

        62.20

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-RJ-001

CIL-RJ-ON-90/1

India

Tax

Millions

NA

NA

USD

      564.63

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-KG-001

CIL-KG-OSN

India

Tax

Millions

NA

NA

USD

        14.34

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-CB-001

CIL-CB-OS/2

India

Tax

Millions

NA

NA

USD

          0.31

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-RJ-001

CIL-RJ-ON-90/1

India

Tax

Millions

NA

NA

USD

          6.51

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-KG-001

CIL-KG-OSN

India

Licence fees & other payments

Millions

NA

NA

USD

          0.70

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

CIL-MB-001

CIL-MB-DWN

India

Licence fees & other payments

Millions

NA

NA

USD

          0.18

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-Copper-001

VEDL-C-Tuti

India

Licence fees & other payments

Millions

NA

NA

USD

          0.09

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-IO-GA-001

VEDL-IO-Gadia Sodo

India

Royalties

Millions

NA

NA

USD

          7.11

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-IO-GA-003

VEDL-IO-Mareta Sodo

India

Royalties

Millions

NA

NA

USD

          0.41

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-IO-KA-001

VED-IO-A Narayan

India

Royalties

Millions

NA

NA

USD

          3.86

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-Al-001

VEDL-AL-JS

India

Royalties

Millions

NA

NA

USD

        28.02

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

SRL001

SRL-IO-Onvalienchi Math

India

Royalties

Millions

NA

NA

USD

          0.09

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

SMCL001

SMCL-IO-Lamgao

India

Royalties

Millions

NA

NA

USD

          0.20

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

SMCL002

SMCL-IO-Mandoorbaga

India

Royalties

Millions

NA

NA

USD

          0.53

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

SMCL003

SMCL-IO-Totichomor Dongor

India

Royalties

Millions

NA

NA

USD

          0.48

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

TSPL001

TSPL

India

Royalties

Millions

NA

NA

USD

          2.48

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VGCB001

VGCB

India

Royalties

Millions

NA

NA

USD

          9.91

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VGCB001

VGCB

India

Licence fees & other payments

Millions

NA

NA

USD

          0.49

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

MVPL001

MVPL

India

Tax

Millions

NA

NA

USD

          0.29

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

KCM001

KCM

Zambia

Royalties

Millions

NA

NA

USD

        53.28

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Lisheen001

Lisheen

Ireland

Tax

Millions

NA

NA

USD

         -0.41

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Lisheen001

Lisheen

Ireland

Royalties

Millions

NA

NA

USD

          2.83

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Skorpion001

SZ

Namibia

Tax

Millions

NA

NA

USD

          1.93

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Skorpion001

SZ

Namibia

Royalties

Millions

NA

NA

USD

          0.72

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

BMM001

BMM

South Africa

Tax

Millions

NA

NA

USD

          2.00

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

BMM001

BMM

South Africa

Royalties

Millions

NA

NA

USD

          0.37

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

VEDL-corp-004

VEDL-Corp

US

Tax

Millions

NA

NA

USD

          1.42

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Total

 

 

 

 

 

 

 

   2,175.58

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country Code

Government

Payment Type

Unit Measure

Volume

Valuation Method

Currency

Amount

Company Name

Company Number

Notes

Report

Name

Report End Date

Version

Report Notes

Filing Date

INDIA

Ministry of Finance, Central Board of Direct Taxes, Government of India

Tax

Million

NA

NA

USD

          386.07

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Ireland

Office of the Revenue Commissioners Ireland

Tax

Million

NA

NA

USD

              -0.41

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Namibia

Namibian Inland Revenue Authority

Tax

Million

NA

NA

USD

               1.93

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

South Africa

South African Revenue Services

Tax

Million

NA

NA

USD

              2.00

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

US

Internal Revenue Service, US

Tax

Million

NA

NA

USD

               1.42

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

The Department of Mines and Geology, Rajasthan State Govt

Royalties

Million

NA

NA

USD

           174.74

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Director Petroleum, Rajasthan State Govt

Royalties

Million

NA

NA

USD

          350.26

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Ministry of Petroleum and Natural Gas, Government of India

Royalties

Million

NA

NA

USD

              10.21

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Director Mines, Goa

Royalties

Million

NA

NA

USD

              8.82

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Director Mines, Karnataka

Royalties

Million

NA

NA

USD

              3.86

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Government of India, Ministry of Mines- paid through Coal India Limited

Royalties

Million

NA

NA

USD

            30.50

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Vishakhapatnam Port Trust

Royalties

Million

NA

NA

USD

               9.91

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Zambia

Zambia Revenue Authority Domestic Taxes

Royalties

Million

NA

NA

USD

            53.28

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Ireland

Department of Communications, Energy & Natural Resources, Ireland

Royalties

Million

NA

NA

USD

              2.83

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Namibia

Namibian Inland Revenue Authority

Royalties

Million

NA

NA

USD

               0.72

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

South Africa

South African Revenue Services

Royalties

Million

NA

NA

USD

               0.37

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Ministry of Petroleum and Natural Gas, Government of India

Production entitlements

Millions

NA

NA

USD

           551.83

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Ministry of Finance, Government of India

Tax

Millions

NA

NA

USD

           585.79

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Ministry of Petroleum and Natural Gas, Government of India

Licence fees & other payments

Millions

NA

NA

USD

              0.88

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Toothukudi City Municipal Corporation, Government of Tamil Nadu

Licence fees & other payments

Millions

NA

NA

USD

              0.09

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

INDIA

Vishakhapatnam Port Trust, Ministry of Shipping, Government of India

Licence fees & other payments

Millions

NA

NA

USD

              0.49

Vedanta Resources Plc

4740415

 

Extractive Industry Reporting

31-03-2016

1

 

 

Total

 

 

 

 

 

 

  2,175.58

 

 

 

 

 

 

 

 

 

For further information, please contact:

Roma Balwani

President - Group Sustainability, CSR and Communications

Tel: +91 22 6646 1000

[email protected]

 

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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