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Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
 COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2014.
According to media release, Rio Tinto is a global leader in providing detailed information about the taxes paid in the jurisdictions in which it operates globally and has produced an annual Taxes paid report for the past five years.
The voluntary report shows that Rio Tinto continues to make a significant contribution to public finances around the world and details all payments over US$1 million made to governments in the countries where Rio Tinto operates.
The company further said that, the majority of company’s taxes and royalties in 2014 were paid in Australia (US$5.6b), Canada (US$432m), Chile (US$262m), United States (US$211m), Mongolia (US$185m), South Africa (US$110m), France (US$106m), Guinea (US$67m), Singapore (US$44m) and UK (US$29m).
The report shows last year’s global effective tax rate was 43 per cent. Between 2010 and 2014, the company paid an average effective rate of about 42.5 per cent.
Rio Tinto chief financial officer Chris Lynch said “Rio Tinto continues to be a major contributor to the economies of its host nations. Through our tax and royalty contribution, investments, employment, local purchasing and contracting, we are a major generator of wealth and economic activity. We are very proud of this record.
“The Taxes paid report is important evidence of our commitment to taxation transparency. We were a founding member of the Extractive Industries Transparency Initiative and strongly advocate the need to appropriately disclose payments to governments around the world.
“2014 has been a year of significant change in the international tax landscape, with a particular focus on efforts to eliminate Base Erosion and Profit Shifting (BEPS). Rio Tinto agrees with the aims of these efforts. Governments must also be mindful not to inadvertently damage the investment environment when implementing BEPS proposals.
“To tackle BEPS issues effectively, we must adopt a coherent global approach and improve cross-border cooperation rather than take unilateral action that adds to compliance costs and dampens trade and investment.”
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- The University of Queensland
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- VISA Power Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
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