LONDON - Berkeley Energia Limited has disclosed its annual payments to the Spanish government for the year ended June 30, 2024, in compliance with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, the company announced on Friday.
The report, mandated by the UK’s regulatory framework, provides a detailed account of the payments made by the company’s wholly owned Spanish subsidiaries. These payments are associated with the Salamanca project, which encompasses multiple mining and exploration licenses.
According to the report, the total amount paid to Spanish federal, local, and municipal government entities amounted to A$193,998. These payments were exclusively for permit and license fees, as the company did not report any production entitlements, income taxes, royalties, dividends, signature/discovery/production bonuses, or infrastructure improvements for the period.
This financial disclosure is part of Berkeley Energia’s commitment to transparency in its operations, particularly regarding its contributions to government revenues in the regions where it operates. The Salamanca project, being the primary focus of the Group’s operations during the period, resulted in the Spanish government being the sole recipient of the reported payments.
The company’s report is based on the UK’s Reports on Payments to Governments Regulations and its 2015 amendment. The regulation aims to provide a consistent and comprehensive framework for resource extraction companies to report payments made to governments worldwide.
The information provided in this article is based on a press release statement from Berkeley Energia Limited.
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