acacia mining — investing in tanzania/media/files/a/... · source: ernst & young's may...

2
1503-1424484 Source: Ernst & Young's May 2015 report entitled, "Acacia Mining plc total economic and tax contributions in Tanzania, 2014. * Unless otherwise stated dollar amounts are shown in 2014 US$; figures may not appear to sum due to rounding. graphic design: Charles Council Acacia supported 53,943 jobs in Tanzania in 2014 Induced (consumers) jobs 19,000 Indirect (supply chain) jobs 30,500 jobs 4,443 Acacia For every one Acacia employee, 11 jobs are created elsewhere in the Tanzanian economy Acacia's wage employment impacts with multipliers x1 x6.9 x4.3 94% 26.7mm (Tsh) US$16.4k 2.5mm (Tsh) US$1.5k Acacia Avg. Wage Tanzanian Employees National Avg. Wage Tanzanian Employees Acacia is a high-wage employer Tanzanian national employees were paid an average wage nearly 11 times the national average in 2014 93.7% of Acacia employees in Tanzania are Tanzanians % based on average 2014 Acacia employment in Tanzania vs. 11x Acacia’s 2014 social investments Acacia invested a total of US$10.9mm $10.9mm Other 4% Health 9% Comnty support 12% Water 15% Edu. 30% Infrastr. 31% $8.5mm Maendeleo Fund spending $2.4mm Mine site-specific community projects 78% 22% $488mm $190mm Towards GDP Total $319mm $141mm Labour income Tanzania taxes $118mm $61mm Indirect & induced Direct $678mm $459mm $179mm Estimated economic and fiscal contributions of Acacia in Tanzania Of this $179mm, $29.7were direct taxes paid by Acacia's 4,161 Tanzanian national employees, equating to an average of over $7,100 (10.3mm Tsh) per Tanzanian national worker. $200mm imports Acacia purchases from suppliers located outside of Tanzania (imports) 29% $488mm domestic Acacia purchases from suppliers located in Tanzania 71% Suppliers in the same regions as Acacia mines Suppliers in other regions of Tanzania $389mm $99mm 71% of Acacia’s total spend of US$688mm on goods and services in 2014 were spent with Tanzanian suppliers—a significant increase from 58% in 2013 Acacia Mining — Investing in Tanzania Acacia purchased $488mm of goods and services from suppliers located in Tanzania in 2014

Upload: others

Post on 15-Mar-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Acacia Mining — Investing in Tanzania/media/Files/A/... · Source: Ernst & Young's May 2015 report entitled, "Acacia Mining plc total economic and tax contributions in Tanzania,

1503-1424484Source: Ernst & Young's May 2015 report entitled, "Acacia Mining plc total economic and tax contributions in Tanzania, 2014.* Unless otherwise stated dollar amounts are shown in 2014 US$; figures may not appear to sum due to rounding.

graphic design: Charles Council

Acacia supported 53,943 jobs in Tanzania in 2014

Induced (consumers)jobs 19,000

Indirect (supply chain)jobs 30,500jobs 4,443

Acacia

For every one Acacia employee, 11 jobs are created elsewhere in the Tanzanian economyAcacia's wage employment impacts with multipliers

x1 x6.9 x4.3

94%

26.7mm (Tsh)US$16.4k

2.5mm (Tsh)US$1.5k

Acacia Avg. Wage Tanzanian Employees

National Avg. WageTanzanian EmployeesAcacia is a high-wage employer

Tanzanian national employees were paid an average wage nearly 11 times the national average in 2014

93.7% of Acacia employees in Tanzania are Tanzanians

% based on average 2014 Acacia employment in Tanzania vs.

11x

Acacia’s 2014 social investmentsAcacia invested a total of US$10.9mm

$10.9mm

Other4%

Health9%

Comnty support

12%Water15%

Edu.30%

Infrastr.31%

$8.5mm Maendeleo Fund spending

$2.4mm Mine site-specific community projects

78%

22%

$488mm$190mm

Towards GDPTotal

$319mm$141mm

Labour income

Tanzania taxes

$118mm $61mm Indirect & induced

Direct

$678mm

$459mm

$179mm

Estimated economic and fiscal contributions of Acacia in Tanzania

Of this $179mm, $29.7were direct taxes paid by Acacia's 4,161 Tanzanian national employees, equating to an averageof over $7,100 (10.3mm Tsh) per Tanzanian national worker.

$200mm importsAcacia purchases from suppliers located outside of Tanzania (imports)

29%

$488mm domesticAcacia purchases from suppliers located in Tanzania

71%

Suppliers in the same regions as Acacia mines

Suppliers in other regions of Tanzania$389mm

$99mm

71% of Acacia’s total spend of US$688mm on goods and services in 2014 were spent with Tanzanian suppliers—a significant increase from 58% in 2013

Acacia Mining — Investing in Tanzania

Acacia purchased $488mm of goods and services from suppliers located in Tanzania in 2014

Page 2: Acacia Mining — Investing in Tanzania/media/Files/A/... · Source: Ernst & Young's May 2015 report entitled, "Acacia Mining plc total economic and tax contributions in Tanzania,

1503-1424484Source: Ernst & Young's May 2015 report entitled, "Acacia Mining plc total economic and tax contributions in Tanzania, 2014.* Unless otherwise stated dollar amounts are shown in 2014 US$; figures may not appear to sum due to rounding.

graphic design: Charles Council

Acacia supported 53,943 jobs in Tanzania in 2014

Induced (consumers)jobs 19,000

Indirect (supply chain)jobs 30,500jobs 4,443

Acacia

For every one Acacia employee, 11 jobs are created elsewhere in the Tanzanian economyAcacia's wage employment impacts with multipliers

x1 x6.9 x4.3

94%

26.7mm (Tsh)US$16.4k

2.5mm (Tsh)US$1.5k

Acacia Avg. Wage Tanzanian Employees

National Avg. WageTanzanian EmployeesAcacia is a high-wage employer

Tanzanian national employees were paid an average wage nearly 11 times the national average in 2014

93.7% of Acacia employees in Tanzania are Tanzanians

% based on average 2014 Acacia employment in Tanzania vs.

11x

Acacia’s 2014 social investmentsAcacia invested a total of 18bn Tsh

18bn Tsh

Other4%

Health9%

Comnty support

12%Water15%

Edu.30%

Infrastr.31%

14bn Tsh Maendeleo Fund spending

4bn Tsh Mine site-specific community projects

78%

22%

795bn Tsh310bn Tsh

Towards GDPTotal

519bn Tsh229bn Tsh

Labour income

Tanzania taxes

192bn Tsh 99bn Tsh Indirect & induced

Direct

1.10tn Tsh

748bn Tsh

291bn Tsh

Estimated economic and fiscal contributions of Acacia in Tanzania

Of this 291bn Tsh, 48bn Tsh were direct taxes paid by Acacia's 4,161 Tanzanian national employees, equating to an average of over 10.3mm Tsh per Tanzanian national worker

326bn Tsh importsAcacia purchases from suppliers located outside of Tanzania (imports)

29%

795bn Tsh domesticAcacia purchases from suppliers located in Tanzania

71%

Suppliers in the same regions as Acacia mines

Suppliers in other regions of Tanzania634bn Tsh

161bn Tsh

71% of Acacia’s total spend of 1.12tn Tshon goods and services in 2014 were spent with Tanzanian suppliers—a significant increase from 58% in 2013

Acacia Mining — Investing in Tanzania

Acacia purchased 795bn Tsh of goods and services from suppliers located in Tanzania in 2014