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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- PTC India Limited - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
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