https://www.miningweekly.com

Lonmin paid $16.78m in taxes, royalties during 2018 financial year

1st April 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

LSE- and JSE-listed Lonmin made $16.78-million in payments to the UK, South African and Kenyan governments during the financial year ended September 30, 2018.

The group on Monday disclosed that this comprised $9.73-million in taxes and $7.06-million in royalties.

Payments to the South African government totalled $7.73-million, and comprised $672 000 in taxes and $7.06-million in royalties.

The South African government payments were in respect of Messina Platinum Mines, Akanani Mining, Western Platinum, Eastern Platinum and the Pandora joint venture.

A further tax payment of $7.3-million was paid to the UK government and a tax payment of $1.76-million to the Kenyan government in respect of the Afriore project.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content 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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION