Jardine Matheson reports $786 million in payments to Indonesian govt

Published 30/06/2025, 12:28
Jardine Matheson reports $786 million in payments to Indonesian govt

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.