Anglo paid over $25bn in taxes, other economic contributions in 2020
Multinational miner Anglo American has published its seventh yearly Tax and Economic Contribution Report, with a detailed breakdown of the company’s contributions across all its major operating jurisdictions, which amounted to more than $25-billion in 2020.
“The enduring positive impact of a business can only be properly assessed when you consider the total footprint of its contributions. It is with this transparency that we seek to build trust as a corporate leader in our industry – a key pillar of our Sustainable Mining Plan.
"The positive contribution we bring to the countries where we operate extends far beyond the taxes and royalties we pay. The high quality of employment that we provide and the associated wages, the money we spend with local suppliers, our corporate social investment and our capital investments, all support the fabric of many economies,” CEO Mark Cutifani says.
He notes that the company’s contribution in 2020 demonstrated the extent to which Anglo continued contributing to the communities and countries where it works, both economically and socially.
For 2020, total taxes borne and collected was $5.3-billion; wages and related payments was $3.6-billion; corporate social investment was $100-million; total procurement was $12.6-billion and capital investment was $4.1-billion; with a total of $25.7-billion.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation