Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | CAD | |||||||
Reporting Entity Name | Cameco Corporation | Currency of the Report | ||||||||||
Reporting Entity ESTMA | E886600 | |||||||||||
Identification Number | ||||||||||||
Subsidiary Reporting Entities (if | ||||||||||||
necessary) | ||||||||||||
Payments by Payee | ||||||||||||
Departments, Agency, etc… | Infrastructure | Total Amount paid to | ||||||||||
Country | Payee Name1 | within Payee that Received | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Notes34 | |||
Payments2 | Improvement Payments | Payee | ||||||||||
Canada Revenue Agency, | ||||||||||||
Canada | national government of | Canadian Nuclear Safety | 1,100,000 | 3,770,000 | 4,870,000 | Payments for income taxes, regulatory oversight, and radio | ||||||
Canada | Commission (CNSC), Industry | licenses | ||||||||||
Canada, Environment Canada | ||||||||||||
Ministry of Economy, Ministry of | ||||||||||||
Finance, Ministry of Government | 30,040,000 | Payments for property taxes, royalties, highway maintenance, | ||||||||||
Canada -Saskatchewan | the province of Saskatchewan | Relations, Ministry of | 7,560,000 | 20,310,000 | 2,170,000 | |||||||
and regulatory oversight | ||||||||||||
Environment, Ministry of | ||||||||||||
Highways & Infrastructure | ||||||||||||
Payments to the trust are attributed to Black Lake Denesuline | ||||||||||||
First Nation, Fond du Lac Denesuline First Nation, Hatchet | ||||||||||||
Canada -Saskatchewan | Athabasca Community Trust | 1,580,000 | 1,580,000 | Lake Denesuline First Nation, northern hamlet of Stony | ||||||||
Rapids, northern settlement of Wollaston Lake, northern | ||||||||||||
settlement of Uranium City, and northern settlement of Camsell | ||||||||||||
Portage. | ||||||||||||
Payments are comprised of contributions stipulated in | ||||||||||||
Canada -Saskatchewan | English River First Nation | 1,580,000 | 1,580,000 | collaboration agreements with the community. These include | ||||||||
payments directly to the community and to a community- | ||||||||||||
owned contractor. | ||||||||||||
Canada -Saskatchewan | Lac La Ronge Indian Band | 200,000 | 200,000 | Payments based on the collaboration agreement, including | ||||||||
Community Trust | funding for education and community liaison. | |||||||||||
Payments are comprised of contributions stipulated in | ||||||||||||
Canada -Saskatchewan | northern village of Pinehouse | 1,080,000 | 1,080,000 | collaboration agreements with the community. These include | ||||||||
payments directly to the community and to a community- | ||||||||||||
owned contractor. | ||||||||||||
100,000 | Trust fund to benefit indigenous communities in Northern | |||||||||||
Canada -Saskatchewan | Six Rivers Fund | 100,000 | Saskatchewan. Money is granted to projects to support youth, | |||||||||
education, health & wellness, and sports & recreaction. | ||||||||||||
Canada -Saskatchewan | Southend and Kinoosao First | 770,000 | 770,000 | Payments based on the participation agreement, including | ||||||||
Nation | community investment funding and business development. | |||||||||||
United States of America | national government of United | Nuclear Regulatory Commission, | 870,000 | 870,000 | Transaction occurred in USD$, converted to CAD$ at the | |||||||
States of America | Bureau of Land Management, | exchange rate existing at time of payments (Avg. $1.29 | ||||||||||
Department of Agriculture | CAD/USD) | |||||||||||
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | CAD | |||||||
Reporting Entity Name | Cameco Corporation | Currency of the Report | ||||||||||
Reporting Entity ESTMA | E886600 | |||||||||||
Identification Number | ||||||||||||
Subsidiary Reporting Entities (if | ||||||||||||
necessary) | ||||||||||||
Payments by Payee | ||||||||||||
Departments, Agency, etc… | Infrastructure | Total Amount paid to | ||||||||||
Country | Payee Name1 | within Payee that Received | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Notes34 | |||
Payments2 | Improvement Payments | Payee | ||||||||||
Department of Environmental | Transaction occurred in USD$, converted to CAD$ at the | |||||||||||
Quality,Office of State Lands and | ||||||||||||
United States of America | the state of Wyoming | 190,000 | 190,000 exchange rate existing at time of payments (Avg. $1.30 | |||||||||
Investments, Department of | ||||||||||||
CAD/USD) | ||||||||||||
Revenue, Secretary of State | ||||||||||||
Department of Environmental | Transaction occurred in USD$, converted to CAD$ at the | |||||||||||
Quality, Board of Education, | ||||||||||||
United States of America | the state of Nebraska | 160,000 | 160,000 exchange rate existing at time of payments (Avg. $1.29 | |||||||||
Department of Health & Human | ||||||||||||
CAD/USD) | ||||||||||||
Services | ||||||||||||
the municipality of Campbell | Transaction occurred in USD$, converted to CAD$ at the | |||||||||||
United States of America | 380,000 | 380,000 exchange rate existing at time of payments (Avg. $1.28 | ||||||||||
County | ||||||||||||
CAD/USD) | ||||||||||||
the municipality of Converse | Transaction occurred in USD$, converted to CAD$ at the | |||||||||||
United States of America | 850,000 | 850,000 exchange rate existing at time of payments (Avg. $1.28 | ||||||||||
County | ||||||||||||
CAD/USD) | ||||||||||||
the municipality of Dawes | Transaction occurred in USD$, converted to CAD$ at the | |||||||||||
United States of America | 220,000 | 220,000 exchange rate existing at time of payments (Avg. $1.28 | ||||||||||
County | ||||||||||||
CAD/USD) | ||||||||||||
Australia | Government of Western | Department of Mines & Petroleum | 180,000 | 180,000 | Transaction occurred in AUD$, converted to CAD$ at the | |||||||
Australia | exchange rate existing at time of payments ($0.96 CAD/AUD) | |||||||||||
As required by Canada's Extractive Sector Transparency Measures Act (ESTMA), Cameco has reported to the Canadian government payments made to governments in Canada, the United States, and Australia. These payments include royalties, taxes and fees paid during a year by Cameco and its subsidiaries to various levels of government related to commercial development.
Additional Notes:Under ESTMA commercial development captures the exploration and extraction of minerals and does not include post-extraction activities, such as refining, processing, marketing, distribution, transportation or export. With the exception of payments made to Indigenous Payees, the amounts reported are on a 100% basis with no adjustment to reflect the minority ownership interest of other entities in the commercial development of minerals undertaken by Cameco and its subsidiaries. Payments made to Indigenous Payees in Canada are reported at Cameco's share.
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | CAD | |||||
Reporting Entity Name | Cameco Corporation | Currency of the Report | ||||||||
Reporting Entity ESTMA | E886600 | |||||||||
Identification Number | ||||||||||
Subsidiary Reporting Entities (if | ||||||||||
necessary) | ||||||||||
Payments by Project | ||||||||||
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure | Total Amount paid by | Notes23 |
Improvement Payments | Project | |||||||||
Canada -Saskatchewan | Cameco Corporation | 1,100,000 | 20,310,000 | 5,870,000 | 27,280,000 | corporate income tax payments, royalties & colloboration | ||||
agreements that are not assigned/attributed to a specific project | ||||||||||
Canada -Saskatchewan | Key Lake | 1,410,000 | 2,040,000 | 3,450,000 | property taxes & regulatory fees | |||||
(100% of payments reported, Cameco ownership 83.3%) | ||||||||||
Canada -Saskatchewan | McArthur River | 910,000 | 1,060,000 | 1,970,000 | property taxes & regulatory fees | |||||
(100% of payments reported, Cameco ownership 69.8%) | ||||||||||
Canada -Saskatchewan | Cigar Lake | 4,610,000 | 1,400,000 | 6,010,000 | property taxes & regulatory fees | |||||
(100% of payments reported, Cameco ownership 50.0%) | ||||||||||
Canada -Saskatchewan | Rabbit Lake | 620,000 | 790,000 | 1,410,000 | property taxes & regulatory fees | |||||
Canada -Saskatchewan | Exploration | 140,000 | 140,000 | Claim staking and maintenance fees | ||||||
United States of America | Crow Butte Resources | 220,000 | 350,000 | 570,000 | Transaction occurred in USD$, converted to CAD$ at the | |||||
exchange rate existing at time of payment (Avg. $1.29 CAD/USD) | ||||||||||
United States of America | Power Resources Inc | 1,240,000 | 920,000 | 2,160,000 | Transaction occurred in USD$, converted to CAD$ at the | |||||
exchange rate existing at time of payment (Avg. $1.29 CAD/USD) | ||||||||||
Australia | Cameco Australia | 180,000 | 180,000 | Transaction occurred in AUD$, converted to CAD$ at the | ||||||
exchange rate existing at time of payment (Avg. $0.97 CAD/AUD) | ||||||||||
As required by Canada's Extractive Sector Transparency Measures Act (ESTMA), Cameco has reported to the Canadian government payments made to governments in Canada, the United States, and Australia. These payments include royalties, taxes and fees paid during a year by Cameco and its subsidiaries to various levels of government related to
Additional Notes3:commercial development. Under ESTMA commercial development captures the exploration and extraction of minerals and does not include post-extraction activities, such as refining, processing, marketing, distribution, transportation or export. With the exception of payments made to Indigenous Payees, the amounts reported are on a 100% basis with no adjustment to reflect the minority ownership interest of other entities in the commercial development of minerals undertaken by Cameco and its subsidiaries. Payments made to Indigenous Payees in Canada are reported at Cameco's share.
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Cameco Corporation published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 19:49:07 UTC