Newcrest Mining : 2021 ESTMA Report

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name			Newcrest Mining Limited
Reporting Year	From	1/07/2020	To:	30/06/2021	Date submitted	26/11/2021
Reporting Entity ESTMA Identification Number	E751630		Original Submission
	Amended Report

Other Subsidiaries Included (optional field)

For Consolidated Reports - Subsidiary Reporting Entities Included in Report:

E286234 Newcrest Red Chris Mining Limited

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Maria Sanz Perez	Date	25/11/2021
Position Title	Chief Legal, Risk and Compliance Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/07/2020

To:

30/06/2021

Reporting Entity Name

Newcrest Mining Limited

Currency of the Report

USD

Reporting Entity ESTMA

E751630

Identification Number

Subsidiary Reporting Entities (if

E286234 Newcrest Red Chris Mining Limited

necessary)

Payments by Payee

Country

Payee Name1

Departments, Agency, etc… within Payee

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Total Amount paid to

Notes34

that Received Payments

2

Improvement Payments

Payee

Australia

Government of Australia

Australia Taxation Office

209,492,931

209,492,931

Income tax, fringe benefits tax

Australia

Government of Australia

Australian Reinsurance Pool Corporation

358,470

358,470

Insurance tax - terror levy

Australia

Government of New South Wales

Blayney Shire Council

3,417,085

3,417,085

Cadia shire rates

Australia

Government of New South Wales

Cabonne Shire Council

1,379,742

1,379,742

Cadia shire rates

Australia

Government of New South Wales

Department of Regional NSW

1,355,407

1,355,407

Cadia tenement rents

Australia

Government of New South Wales

Revenue New South Wales

13,863,008

76,069,663

89,932,671

Cadia payroll tax, land tax, Cadia royalties

Australia

Government of Queensland

Office of State Revenue

440,195

440,195

Payroll tax, stamp duty on insurance tax

Australia

Government of Victoria

State Revenue Office

4,293,479

4,293,479

Payroll tax, stamp duty on insurance tax

Australia

Government of Western Australia

Department of Mines, Industry, Regulation and

21,580,687

2,795,322

24,376,009

Telfer royalties, tenement rents, safety levy, rehabilition levy

Safety

Australia	Government of Western Australia	Office of State Revenue	5,127,518
Australia	Government of Western Australia	Shire of East Pilbara		749,022
Canada	Government of Canada	Canada Revenue Agency	128,745
Canada	Province of British Columbia	Ministry of Environment & Climate Change		167,342
Strategy - Enviormental Assessment Office
Canada	Province of British Columbia	Ministry of Finance - Mineral, Oil & Gas Branch	3,466,395	344,699

5,127,518 Payroll tax, stamp duty, stamp duty on insurance tax

749,022 Telfer shire rates

128,745 Insurance tax, income tax instalments

167,342 Environmental assessment fee

3,811,094 Red Chris - BCMT, employer health tax, property taxes, mining lease payments

Canada	Tahltan Central Government			148,187	148,187	Royalty to Tahltan Central Government
Canada	Tahltan Central Government	Tahltan Heritage Trust	980,252		980,252	Royalty to Tahltan Heritage Trust
						Taxes include Corporare income tax and insurance taxes.
Papua New Guinea	Government of Papua New Guinea	Internal Revenue Commission	10,187,242	296,755	10,483,996	Infrastructure payments relate to spend under the Infrastructure Tax
						Credit Scheme.
Papua New Guinea	Government of Papua New Guinea	Kavieng District Treasury	2,825,573		2,825,573	Lihir Gold and Silver Mineral royalties
Papua New Guinea	Government of Papua New Guinea	Mineral Resources Authority	7,065,303		7,065,303	Lihir Production levy
Papua New Guinea	Government of Papua New Guinea	Namatanai District Treasury	2,825,573		2,825,573	Lihir Gold and Silver Mineral royalties
Papua New Guinea	Government of Papua New Guinea	New Ireland Province	8,572,631		8,572,631	Lihir Gold and Silver Mineral royalties
Papua New Guinea	Government of Papua New Guinea	Nimamar Rural Local Level Government	8,536,424		8,536,424	Lihir Gold and Silver Mineral royalties
Papua New Guinea	Internal Revenue Commission	Block Owners	5,690,949		5,690,949	Lihir Gold and Silver Mineral royalties
United States	Government of the United States	Internal Revenue Service	13,156,283		13,156,283	Federal Income Tax, payroll tax (employer contribution for social
	security and medicare)

Ecuador

Chile

Additional Notes:

Government of Ecuador	Internal Revenue Service	144,851	144,851	Unrecoverable VAT
Government of Chile	Internal Revenue Service	2,005,240	2,005,240	Unrecoverable VAT and income tax

• Newcrest Mining Limited has a reporting currency of USD. Where the above payments are made in a currency other than USD, the primary method adopted has been to use the exchange rate at the time of the relevant payment to convert payments into USD. Where this has not been possible, payments have been converted using an average exchange rate for the year.
• Papua New Guinea Royalties are all Lihir Gold and Silver Mineral Royalties required to be paid in accordance with the Mining Act. The royalties paid to Block Owners relate to the portion of the Royalties that Lihir has been directed to pay directly to a number of individual Block Owners (landowners).

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	1/07/2020	To:	30/06/2021
Reporting Entity Name			Newcrest Mining Limited			Currency of the Report	USD
Reporting Entity ESTMA			E751630
Identification Number
Subsidiary Reporting Entities (if		E286234 Newcrest Red Chris Mining Limited
necessary)
					Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid by
Improvement Payments	Project
Australia	Cadia	13,863,008	76,069,663	6,152,233					96,084,905
Australia	Global Head Office	214,585,075							214,585,075
Australia	Haverion	104,031							104,031
Australia	Telfer	5,023,487	21,580,687	3,544,344					30,148,518
Canada	Red Chris	3,466,395	980,252	512,042		148,187			5,106,875
Canada	Global Head Office	112,028							112,028
Canada	Regional Exploration	16,717							16,717
Papua New Guinea	Lihir	10,187,242	35,516,453					296,755	46,000,449
United States	Regional Office	13,156,283							13,156,283
Ecuador	Regional Exploration	144,851							144,851
Chile	Regional Exploration	2,005,240							2,005,240

Notes23

Taxes include: Payroll tax, land tax, insurance taxes, fire safety levy. Royalties include gold, copper and silver royalties. Fees include shire rates, tenement rents

Income tax, fringe benefits tax, payroll tax and insurance tax.

Stamp duty

Taxes include: Payroll tax and insurance taxes. Royalties include gold, copper and silver royalties. Fees include shire rates, tenement rents, rehab levy, safety levy

Taxes include: BC Mineral Taxes, Employer Health Tax, Property Taxes. Royalty is paid to Tahltan

Heritage Trust.Bonusese refers to payments to Tahltan Central Government. Fees include: Mine Inspection Fee, Mining Lease Payments, Environmetal Assessment Fees

Insurance tax

Income tax instalments

Taxes include income tax instalments cash paid (see note below), insurance taxes. Royalties are gold and silver royalties. Infrastructure improvement payments represent spend made under the Infrastructure Tax Credit Scheme

Federal Income Tax, payroll tax (employer contribution for social security and medicare)

Unrecoverable VAT

Unrecoverable VAT, income tax

	- Taxes paid by Global Head Office include corporate income tax and fringe benefits tax. Both these taxes are paid and filed on a consolidated basis in accordance with Australian tax law.
Additional Notes3:	- Lihir paid cash Taxes that included income taxes. However in addition, Lihir also had income tax instalments payable in PNG that it has sought to offset against its PNG GST Receivable balance. The amounts claimed as offsets against GST Receivable have not been included above on the basis they were not cash payments of income tax during the year.
- Taxes paid by the US include corporate income tax which is paid and filed on a consolidated basis in accordance with US tax law.
	- Red Chris is a Joint Venture between Red Chris Development Company (30%) and Newcrest Red Chris Mining Limited (70%). As the Operator, Newcrest Red Chris Mining Limited has reported 100% of the payments made by the Joint Venture. BC Minerals Tax payments reported relate only to those made by Newcrest Red Chris Mining Limited as BC Minerals Tax is payable by each joint

venture participant separately.