Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name | Newcrest Mining Limited | |||||
Reporting Year | From | 1/07/2021 | To: | 30/06/2022 | Date submitted | 14/12/2022 |
Reporting Entity ESTMA Identification Number | E751630 | Original Submission | ||||
Amended Report | ||||||
Other Subsidiaries Included (optional field)
For Consolidated Reports - Subsidiary Reporting Entities Included in Report:
E286234 Newcrest Red Chris Mining Limited
E755738 - Pretium Exploration Inc.
E433547 - 0890696 B.C. Ltd.
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity | Maria Sanz Perez | Date | 20/12/2022 |
Position Title | Chief Legal, Risk and Compliance Officer & Company Secretary |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/07/2021 | To: | 30/06/2022 | |
Reporting Entity Name | Newcrest Mining Limited | Currency of the Report | USD |
Reporting Entity ESTMA | E751630 |
Identification Number | |
Subsidiary Reporting Entities (if | E286234 Newcrest Red Chris Mining Limited |
E755738 - Pretium Exploration Inc. | |
necessary) | |
E433547 - 0890696 B.C. Ltd. | |
Payments by Project
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure | Total Amount paid by |
Improvement Payments | Project | ||||||||
Australia | Cadia | 8,361,465 | 59,778,081 | 6,223,231 | 407,094 | 74,769,871 | |||
Australia | Global Head Office | 224,842,462 | 224,842,462 | ||||||
Australia | Telfer | 493,624 | 25,358,466 | 7,745,246 | 33,597,336 | ||||
Canada -British Columbia | Red Chris | 2,674,970 | 1,757,091 | 720,682 | 5,152,743 |
Notes23
Taxes include: land tax & fire safety levy. Royalties include gold, copper and silver royalties. Fees include shire rates, tenement rents
Income tax paid for Australian operations (including Cadia and Telfer projects)
Royalties include gold, copper and silver royalties. Fees include shire rates, tenement rents, rehab levy, safety levy
Taxes include: BC Mineral Taxes and Property Taxes. Royalty is paid to Tahltan Heritage Trust. Bonuses refers to payments to Tahltan Central Government. Fees include: Mine Inspection Fee, Mining Lease Payments, Environmetal Assessment Fees
Taxes include BC Mineral Taxes and property taxes, | ||||||
Canada -British Columbia | Brucejack | 4,334,640 | 904,128 | 5,238,767 | Fees relate to payments to First Nations per | |
commitment agreements as well. | ||||||
Royalties are gold and silver royalties. Infrastructure | ||||||
improvement payments represent spend made under | ||||||
Papua New Guinea | Lihir | 30,595,581 | 9,492,369 | 12,984,033 | 53,071,983 | the Infrastructure Tax Credit Scheme as well as |
payments made under Socio-economic agreements | ||||||
with landholders | ||||||
United States of America | Regional office | 7,700,000 | 7,700,000 | Federal Income Tax |
- Taxes paid by Global Head Office include corporate income tax which is paid and filed on a consolidated basis in accordance with Australian tax law. - Taxes paid by the US include corporate income tax which is paid and filed on a consolidated basis in accordance with US tax law.
Additional Notes3: | - Red Chris is a Joint Venture between Red Chris Development Company (30%) and Newcrest Red Chris Mining Limited (70%). As the Operator, Newcrest Red Chris Mining Limited has reported 100% of the payments made by the Joint Venture. BC Minerals Tax payments reported relate only to those made by Newcrest Red Chris Mining Limited |
as BC Minerals Tax is payable by each joint venture participant separately. | |
- Brucejack was acquired by the Newcrest Group during the current reporting period. Accordingly, the above information only includes data for Brucejack from 1 January 2022 to 30 June 2022 in order to transition from its historic calendar reporting period to the Newcrest Group's reporting period of 30 June. |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/07/2021 | To: |
Reporting Entity Name | Newcrest Mining Limited | ||
Reporting Entity ESTMA | E751630 | ||
Identification Number | |||
Subsidiary Reporting Entities (if | E286234 Newcrest Red Chris Mining Limited | ||
E755738 - Pretium Exploration Inc. | |||
necessary) | |||
E433547 - 0890696 B.C. Ltd. | |||
Departments, Agency, etc… | |||
Country | Payee Name1 | within Payee that Received | Taxes |
Payments2 | |||
Australia | Government of Australia | Australia Taxation Office | 224,335,168 |
Australia | Government of Australia | Australian Reinsurance Pool | 418,136 |
Corporation | |||
Australia | Government of New South Wales | Blayney Shire Council | |
Australia | Government of New South Wales | Cabonne Shire Council | |
Australia | Government of New South Wales | Department of Regional NSW | |
Australia | Government of New South Wales | Revenue New South Wales | 8,361,465 |
Australia | Government of Western Australia | Department of Mines, Industry, | |
Regulation and Safety | |||
Australia | Government of Western Australia | Shire of East Pilbara | |
Australia | Government of Western Australia | Office of State Revenue | 493,624 |
Australia | Government of Victoria | State Revenue Office | 89,158 |
Australia | Government of New South Wales | Orange City Council | |
Australia | The Trustee for Martu Charitable | The Trustee for Martu Charitable | |
Trust | Trust | ||
Australia | Western Desert Lands Aboriginal | Western Desert Lands Aboriginal | |
Corporation | Corporation | ||
Canada | Province of British Columbia | Ministry of Finance - Mineral, Oil | 5,013,812 |
& Gas Branch | |||
Canada | Province of British Columbia | Ministry of Finance | 1,882,346 |
Canada | Tahltan Central Government | Tahltan Central Government | |
Canada | Tahltan Central Government | Tahltan Heritage Trust | |
Canada | District of Stewart | District of Stewart | 113,451 |
Canada | Gitanyow Huwilp Society | Gitanyow Huwilp Society | |
Canada | Nisga'a Lisims Government | Nisga'a Lisims Government |
30/06/2022
Currency of the Report | USD |
Payments by Payee
Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure |
Improvement Payments | |||||
3,468,924 | 42,518 | ||||
1,360,513 | 152,457 | ||||
1,393,794 | |||||
59,778,081 | |||||
25,358,466 | 2,547,883 | ||||
1,185,143 |
212,119
3,389,717
622,503
559,850
435,258
1,757,091
79,822
549,879
Total Amount paid to | Notes34 |
Payee | |
224,335,168 Income tax
418,136 Insurance tax
3,511,443 Fees relate to shire rates, Infrastructure relates to local council road payments
1,512,969 Fees relate to shire rates, Infrastructure relates to local council road payments
1,393,794 Cadia tenement rents
68,139,546 Land tax, Cadia royalties, stamp duty
27,906,349 Telfer royalties, tenement rents, safety levy, rehabilition levy
1,185,143 Shire Rates
493,624 Stamp Duty
89,158 Stamp Duty
212,119 Infrastructure relates to local council road payments and projects
3,389,717 Payment to Martu Charitable Trust
622,503 Payment to Western Desert Lands Aboriginal Corporation
5,573,663 BC Minerals Tax instalments and mining lease payments
1,882,346 Property Taxes
435,258 Payments to the Tahltan Central Government
1,757,091 Royalty to Tahltan Heritage Trust
113,451 Property Taxes
79,822 Payment to Gitanyow Huwilp Society
549,879 Payment to Nisga'a Lisims Government
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/07/2021 | To: | 30/06/2022 | |
Reporting Entity Name | Newcrest Mining Limited | Currency of the Report | USD |
Reporting Entity ESTMA | E751630 |
Identification Number | |
Subsidiary Reporting Entities (if | E286234 Newcrest Red Chris Mining Limited |
E755738 - Pretium Exploration Inc. | |
necessary) | |
E433547 - 0890696 B.C. Ltd. | |
Payments by Payee
Country
Papua New Guinea
Papua New Guinea
Papua New Guinea
Papua New Guinea
Papua New Guinea
Papua New Guinea
Papua New Guinea
Papua New Guinea
Payee Name1
Government of Papua New Guinea
Government of Papua New Guinea
Government of Papua New Guinea
Government of Papua New Guinea
Government of Papua New Guinea
Government of Papua New Guinea
Internal Revenue Commission
Government of Papua New Guinea
Departments, Agency, etc… within Payee that Received
Payments2
Internal Revenue Commission
Kavieng District Treasury
Mineral Resources Authority
Namatanai District Treasury
New Ireland Province
Nimamar Rural Local Level
Government
Lihir Landholders
Nimamar Rural Local Level
Government
Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure |
Improvement Payments | ||||||
484,563 | ||||||
4,882,195 | ||||||
6,184,604 | ||||||
4,882,195 | ||||||
2,441,098 | ||||||
7,323,293 | ||||||
4,882,195 | 9,492,369 | 6,346,125 | ||||
6,153,346 |
Total Amount paid to
Payee
484,563
4,882,195
6,184,604
4,882,195
2,441,098
7,323,293
20,720,689
6,153,346
Notes34
Infrastructure payments relate to spend under the Infrastructure Tax Credit Scheme.
Lihir Gold and Silver Mineral royalties
Lihir Production levy
Lihir Gold and Silver Mineral royalties
Lihir Gold and Silver Mineral royalties
Lihir Gold and Silver Mineral royalties
Includes Lihir Gold and Silver Mineral royalties and other committed payments under Agreements between Lihir, local government and local landholders
Payments for local council road projects and resettlement of communities
United States of America
Government of the United States | Internal Revenue Service |
7,700,000 |
7,700,000
Federal Income Tax, payroll tax (employer contribution for social security and medicare)
Additional Notes:
- Newcrest Mining Limited has a reporting currency of USD. Where the above payments are made in a currency other than USD, the primary method adopted has been to use the exchange rate at the time of the relevant payment to convert payments into USD. Where this has not been possible, payments have been converted using an average exchange rate for the year.
'- Above payments include those by Red Chris project which is a Joint Venture between Red Chris Development Company (30%) and Newcrest Red Chris Mining Limited (70%). As the Operator, Newcrest Red Chris Mining Limited has reported 100% of the payments made by the Joint Venture. BC Minerals Tax payments reported relate only to those made by Newcrest Red Chris Mining Limited as BC Minerals Tax is payable by each joint venture participant separately.
'- Above payments include those by Brucejack which was acquired by the Newcrest Group during the current reporting period, this transaction completed on 9 March 2022. Accordingly, the above information only includes data for Brucejack from 1 January 2022 to 30 June 2022 in order to transition from its historic calendar reporting period to the Newcrest Group's reporting period of 30 June..
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Newcrest Mining Limited published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 22:17:04 UTC.