TIDMAAL
RNS Number : 4168X
Anglo American PLC
04 May 2021
4 May 2021
Anglo American's 2020 tax and economic contribution amounts
to more than $25 billion
Anglo American has published its seventh annual Tax and Economic
Contribution Report, with a detailed breakdown of the company's
contributions across all its major operating jurisdictions,
amounting to more than $25 billion in 2020.
Mark Cutifani, Chief Executive of Anglo American, said: "Our
annual Tax and Economic Contribution Report helps our stakeholders
more fully understand the breadth of our role in society. 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. In 2020, our contribution amounted to more than $25
billion, demonstrating the extent to which we continued
contributing to the communities and countries where we work - both
economically and socially - staying true to our Purpose as a
business."
Zahira Quattrocchi, Group Head of Tax at Anglo American, added:
"Paying taxes is a central responsibility for sustainable
businesses. Transparency around those taxes is also critical and,
for Anglo American, is a dialogue we aim to continue to lead. We
see our Tax and Economic Contribution Report not only as an
opportunity to provide the detail of what we contribute, but also
as an opportunity to explain the principles and values that
underpin our broader approach, how we govern that approach, and how
we engage with our stakeholders."
This seventh Anglo American Tax and Economic Contribution Report
is the first to be prepared in compliance with Global Reporting
Initiative's standard for public reporting on tax GRI-207 in its
first year of taking effect.
The Anglo American Tax and Economic Contribution Report 2020 is
available for download at our website
https://www.angloamerican.com/investors/annual-reporting/reports-library/report-2021,
together with all other 2020 reports.
The breakdown of Anglo American's total tax and economic
contribution in 2020 is set out below:
Total taxes borne and collected $ 5.3 billion
Wages and related payments $ 3.6 billion
Corporate social investment $ 0.1 billion
Total procurement $ 12.6 billion
Capital investment $ 4.1 billion
Total $ 25.7 billion
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Robert Greenberg
Marcelo Esquivel robert.greenberg@angloamerican.com
marcelo.esquivel@angloamerican.com
Katie Ryall Emma Waterworth
katie.ryall@angloamerican.com emma.waterworth@angloamerican.com
South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Nomonde Ndwalaza
Nomonde.ndwalaza@angloamerican.com
Notes to editors:
Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
development projects and undeveloped resources, provides many of
the metals and minerals that enable a cleaner, greener, more
sustainable world and that meet the fast growing consumer-driven
demands of developed and maturing economies. With our people at the
heart of our business, we use innovative practices and the latest
technologies to mine, process, move and market our products to our
customers - and to discover new resources - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, the steelmaking ingredients of iron
ore and metallurgical coal, and nickel - with crop nutrients in
development and thermal coal operations planned for divestment - we
are committed to being carbon neutral across our operations by
2040. We work together with our business partners and diverse
stakeholders to unlock sustainable value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
Forward-looking statements:
This announcement includes forward-looking statements. All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
Anglo American's financial position, business, acquisition and
divestment strategy, dividend policy, plans and objectives of
management for future operations (including development plans and
objectives relating to Anglo American's products, production
forecasts and Ore Reserves and Mineral Resource estimates) and
environmental, social and corporate governance goals and
aspirations, are forward-looking statements. By their nature, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Anglo American, or industry results,
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transportation infrastructure, the impact of foreign currency
exchange rates on market prices and operating costs, the
availability of sufficient credit, the effects of inflation,
political uncertainty and economic conditions in relevant areas of
the world, the actions of competitors, activities by courts,
regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or
maintenance of Anglo American's assets and changes in taxation or
safety, health, environmental or other types of regulation in the
countries where Anglo American operates, conflicts over land and
resource ownership rights and such other risk factors identified in
Anglo American's most recent Annual Report. Forward-looking
statements should, therefore, be construed in light of such risk
factors and undue reliance should not be placed on forward-looking
statements.
These forward-looking statements speak only as of the date of
this announcement. Anglo American expressly disclaims any
obligation or undertaking (except as required by applicable law,
the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct
Authority, the Listings Requirements of the securities exchange of
the JSE Limited in South Africa, the SIX Swiss Exchange, the
Botswana Stock Exchange and the Namibian Stock Exchange and any
other applicable regulations) to release publicly any updates or
revisions to any forward-looking statement contained herein to
reflect any change in Anglo American's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based. Nothing in this announcement
should be interpreted to mean that future earnings per share of
Anglo American will necessarily match or exceed its historical
published earnings per share.
Certain statistical and other information about Anglo American
included in this announcement is sourced from publicly available
third-party sources. As such, it has not been independently
verified and presents the views of those third parties, though
these may not necessarily correspond to the views held by Anglo
American and Anglo American expressly disclaims any responsibility
for, or liability in respect of, such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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