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JAKARTA - Jardine Matheson Holdings (OTC:JMHLY) Limited disclosed payments totaling $786.29 million made to the Indonesian government in 2024 through its subsidiary PT United Tractors Tbk and its related companies, according to a regulatory filing released Monday.
The payments, detailed in the company’s annual Extractive Sector: Payments to Government Report, include $539.52 million in taxes, $240.57 million in royalties, and $6.20 million in fees related to mining operations across several Indonesian regions.
The largest payments came from the Kapuas, Central Kalimantan Project, which accounted for $356.29 million of the total. The Martabe, North Sumatera Project contributed $100.31 million, while entity-level payments from Pamapersada Nusantara reached $228.84 million.
The report covers extractive operations in coal, nickel, and gold mining across seven Indonesian regions: North Sumatra, East Kalimantan, Central Kalimantan, South Kalimantan, West Nusa Tenggara, Central Sulawesi, and South-East Sulawesi.
Jardine Matheson published this information in compliance with the United Kingdom (TADAWUL:4280)’s Reports on Payments to Governments Regulation 2014, which requires companies in the extractive sector to publicly disclose payments made to governments where they conduct operations. The UK regulation aligns with European Union Directive 2013/34/EU aimed at enhancing transparency in the extractive sector.
The report covers payments made during the period from January 1 to December 31, 2024, and includes only payments that equal or exceed approximately $108,000 as a single payment or series of related payments.
The disclosure is based on a press release statement from Jardine Matheson Holdings Limited.
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