EX-99.1 2 ex2-01.htm EX-99.1

Exhibit 2.01

 

Resource Extraction Payment Report

 

Government-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.
   
   
  Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
US$ million
North America 6.4 1.0 1.3   - 1.1  9.8
Canada 1.6 1.0 1.3   - 1.1 5.0
Federal   (7.5)   -   -   -   -   (7.5)
Receiver General   (8.1)   -   -   -   -   (8.1)
Canada Revenue Agency 0.2   -   -   -   - 0.2
Other 0.4   -   -   -   - 0.4
Manitoba 5.6   -   -   -   - 5.6
Ministry of Finance 0.8   -   -   -   - 0.8
Other 4.8   -   -   -   - 4.8
Newfoundland 1.9 1.0 1.3   -   - 4.2
Newfoundland Exchequer Account 1.2   - 1,3   -   - 2.5
Nunatsivut Government   - 0.5   -   -   - 0.5
Innu Nation   - 0.5   -   -   - 0.5
Other 0.7   -   -   -   - 0.7
Ontario 1.1   -   -   - 1.1 2.2
Atikameksheng Anishnawbek First Nation   -   -   -   - 0.4 0.4
Sagamok Anishnawbek First Nation   -   -   -   - 0.4 0.4
City of Greater Sudbury   -   -   -   - 0.2 0.2
Wahnapitae First Nation   -   -   -   - 0.1 0.1
Other 1.1   -   -   -   - 1.1
Quebec 0.5   -   -   -   - 0.5
Other 0.5   -   -   -   - 0.5
United States 4.8   -   -   -   - 4.8
U.S. Federal Government 4.8   -   -   -   - 4.8
South America   1,970.7   774.6   594.6   263.5 0.6   3,604.0
Brazil   1,970.7   772.7   594.6   263.5 0.6   3,602.1
Federal   1,970.7   -  85.4   263.5   -   2,319.4
Ministry of Economy   1,567.1   - 1.2   -   -   1,568.3
National Mining Agency   -   - 0.2   -   - 0.2
Ministry of Finance   403.6   - -   -   -   403.6
National Land Transport Agency   -   -  57.4   263.5   -   320.9
Ministry of Transport   -   - 4.7   -   - 4.7
Rio de Janeiro Dock Company (Companhia Docas do Rio de Janeiro)   -   -  21.9   -   -  21.9
Pará   -   495.5   455.3   - 0.5   951.3
National Mining Agency   -   495.5   -   -   -   495.5
State Department of Finance   -   -   453.4   -   -   453.4
Court of Justice of the State of Pará   -   -   -   - 0.5 0.5
Other   -   - 1.9   -   - 1.9
Minas Gerais   -   277.2  50.4   - -   327.6
National Mining Agency   -   277.2   -   -   -   277.2
State Department of Finance of Minas Gerais   -   -  48.5   -   -  48.5
Other   -   - 1.9   - - 1.9
Maranhão   -   - 3.5   - 0.1 3.6
Maranhão Port Administration Company (EMAP)   -   - 3.5   -   - 3.5
Other   -   -   -   - 0.1 0.1
Chile   - 0.5   -   -   - 0.5
Federal   - 0.5   -   -   - 0.5
General Treasury of the Republic   - 0.5   -   -   - 0.5
Peru   - 1.4   -   -   - 1.4
Federal   - 1.4   -   -   - 1.4
Government of Peru   - 1.4   -   -   - 1.4
Asia-Pacific   111.3  34.0  54.6   - 7.0   206.9
China continental 4.6   -  54.6   -   -  59.2
Federal 4.6   -  53.9   -   -  58.5
Port of Caofeidian Ore Terminal Co., LTD.   -   -  12.0   -   -  12.0
Qingdao Port Dongjiakou Ore Terminal Co.,Ltd   -   - 9.8   -   - 9.8
China Ocean Shipping Agency Tangshan   -   - 9.7   -   - 9.7
Zhoushan Shulanghu Terminal Co., Ltd.   -   - 9.2   -   - 9.2
Tangshan Caofeidian Shiye Port Company Limited   -   - 4.4   -   - 4.4
COSCO Shipping Logistics (Zhanjiang) Co., Ltd.   -   - 4.2   -   - 4.2
Waigaoqiao Tax Bureau 3.6   -   -   -   - 3.6
Qingdao Port International Co., Ltd.   -   - 1.4   -   - 1.4
China Ocean Shipping Agency Rizhao Co., LTD   -   - 1.1   -   - 1.1
China Ocean Shipping Agency Nanjing Co., LTD   -   - 1.0   -   - 1.0
Jing’an Tax Bureau 0.9   -   -   -   - 0.9
CCIC Shanghai Co.Ltd   -   - 0.8   -   - 0.8
Chaoyang Tax Bureau 0.1   -   -   -   - 0.1
COSCO Shipping Logistics Zhoushan Co., LTD    -   - 0.1   -   - 0.1
Qingdao Port Dongjiakou Bulk Logistics Center Co., Ltd.   -   - 0.1   -   - 0.1
Yantai Port Holdings Co., Ltd.   -   - 0.1   -   - 0.1
Fujian   -   - 0.7   -   - 0.7
Fujian Kemen Port Supply Chain Management Co., Ltd.   -   - 0.6   -   - 0.6
Fujian Luoyu Port Development Co.,Ltd   -   - 0.1   -   - 0.1
Indonesia  91.1  34.0   -   - 7.0   132.1
Federal  91.1  34.0   -   - 0.1   125.2
Directorate General of Tax  88.5   -   -   -   -  88.5
Ministry of Energy and Mineral Resources   -  34.0   -   -   -  34.0
Government of Indonesia 2.6   -   -   - 0.1 2.7
South Sulawesi   -   -   -   - 5.7 5.7
Soroako Technical Academy   -   -   -   - 4.4 4.4
Community Development Committee   -   -   -   - 0.7 0.7
Yayasan Pendididkan Sorowako   -   -   -   - 0.6 0.6
Southeast Sulawesi   -   -   -   - 0.9 0.9
Community Development Committee   -   -   -   - 0.9 0.9
Central Sulawesi   -   -   -   - 0.3 0.3
Community Development Committee   -   -   -   - 0.3 0.3
Japan 7.3   -   -   -   - 7.3
Federal 5.7   -   -   -   - 5.7
National Tax Agency 5.5   -   -   -   - 5.5
Government of Japan 0.1   -   -   -   - 0.1
Shiba Tax Office 0.1   -   -   -   - 0.1
Mie 1.6   -   -   -   - 1.6
Mie Prefecture 1.3   -   -   -   - 1.3
Matsusaka City Hall 0.3   -   -   -   - 0.3
Malaysia 1.5   -   -   -   - 1.5
Federal 1.5   -   -   -   - 1.5
Inland Revenue Board of Malaysia 1.3   -   -   -   - 1.3
Director General of Customs Malaysia 0.2   -   -   -   - 0.2
Singapore 6.8   -   -   -   - 6.8
Federal 6.8   -   -   -   - 6.8
Comptroller of Income Tax 6.8   -   -   -   - 6.8
Europe & Middle East  48.2   -  82.4   -   -   130.6
Austria   (0.2)   -   -   -   -   (0.2)
Federal   (0.2)   -   -   -   -   (0.2)
Tax Authority Austria   (0.2)   -   -   -   -   (0.2)
Netherlands 1.6   -   -   -   - 1.6
Federal 1.6   -   -   -   - 1.6
Tax and Customs Administration 1.6   -   -   -   - 1.6
Oman  14.4   -  74.4   -   -  88.8
Federal  14.4   -  74.4   -   -  88.8
Oman Charter Company SAOC   -   -  74.4   -   -  74.4
Ministry of Finance  14.4   -   -   -   -  14.4
Switzerland  31.4   -   -   -   -  31.4
Federal 4.6   -   -   -   - 4.6
Federal Tax Administration 3.6   -   -   -   - 3.6
Department of Finance Tax Administration 1.0   -   -   -   - 1.0
Vaud  26.8   -   -   -   -  26.8
Department of Finance Tax Administration  18.4   -   -   -   -  18.4
Cantonal Tax Administration 8.4   -   -   -   - 8.4
United Kingdom 1.0   -   -   -   - 1.0
Federal 1.0   -   -   -   - 1.0
HM Revenue and Customs 1.0   -   -   -   - 1.0
Total   2,136.6   809.6   724.9   263.5 8.7   3,943.3

 

 
 

Project-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.
Projects                  
Type of resource Country / Major subnational jurisdiction Extraction method Business segment Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
        US$ million          
Iron ore Brazil - Pará Open pit Iron solutions   -   449.0   449.5   - 0.5   899.0
Brazil - Minas Gerais Open pit Iron solutions   -   277.2  49.7   -   -   326.9
Brazil - Maranhão Open pit Iron solutions   -   - 3.5   - 0.1 3.6
Total   -   726.2   502.6   - 0.6   1,229.4
Copper Brazil - Pará Open pit Energy transition metals   -  45.6 2.5   -   -  48.1
Total   -  45.6 2.5   -   -  48.1
Nickel Brazil - Pará Open pit Energy transition metals   - 0.9 2.8   -   - 3.7
Canada - Manitoba Underground Energy transition metals 5.6   -   -   -   - 5.6
Canada - Newfoundland Open pit/underground Energy transition metals 1.9 1.1 1.3   -   - 4.2
Canada - Ontario Underground Energy transition metals 1.1   -   -   - 0.9 2.0
Canada - Quebec Underground Energy transition metals 0.5   -   -   -   - 0.5
Indonesia - South Sulawesi Open pit Energy transition metals   -   -   -   - 5.7 5.7
Indonesia - Southeast Sulawesi Open pit Energy transition metals   -   -   -   - 0.9 0.9
Indonesia - Central Sulawesi Open pit Energy transition metals   -   -   -   - 0.3 0.3
Total  9.1 2.0 4.1   - 7.8  23.0
Manganese Brazil - Pará Open pit Energy transition metals   -   - 0.3   -   - 0.3
Total   -   - 0.3   -   - 0.3
Total        9.1   773.8   509.5   - 8.4   1,300.8

 

 

 

  Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
US$ million
Entity level   2,127.5 35.8 215.4  263.5 0.3   2,642.5
Total   2,127.5  35.8   215.4   263.5 0.3   2,642.5