Diversified miner Glencore made $5.7-billion worth of payments to governments in 2018.
This include income taxes, royalties and other payments.
“Our activities within our operating countries enable governments to monetise their natural resources. Governments can use tax and royalty payments to provide its citizens with services and infrastructure that improve their quality of life,” CFO Steve Kalmin said on Monday.
Australia received the highest payment of $1.1-billion.
Glencore paid the Democratic Republic of the Congo $593-million, Peru $580-million, Kazakhstan $357-million, South Africa $185-million, Chile $277-million and Colombia $273-million.
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. Its industrial and marketing activities are supported by a global network of more than 90 offices, and around 150 mining and metallurgical sites, in more than 50 countries.