The trust of the company’s stakeholders is essential. We seek to be transparent in our operational, financial and sustainability performance disclosures and listen to our stakeholders.

During 2019, tax transparency, climate change, tailings management and human rights incorporating modern slavery were all matters of specific interest to stakeholders. In response to this interest, Iluka has published disclosures on these specific topics. Each is discussed further in the relevant section of this report and disclosures are available on our website. Refer to the social performance section of this report for further information on our stakeholder engagement approach. Beyond direct disclosures, Iluka supports the Extractive Industries Transparency Initiative (EITI) and is an active participant in EITI in Sierra Leone via our wholly owned subsidiary, Sierra Rutile. The EITI is a standard to promote the open and accountable management of resources and to inform reforms for greater transparency and accountability in the extractives sector. Sierra Rutile also works closely with the Sierra Leone Chamber of Mines to provide industry input to the Sierra Leone EITI by way of its role in the multi-stakeholder group.

Tax transparency

Iluka welcomes transparency in our payments to governments and seeks to maintain currency of knowledge concerning the adequacy of our disclosures to ensure that they meet applicable transparency standards and provide relevant information to our stakeholders.

Last year, for the first time, we published our Approach to Tax Statement, which conveyed the underlying principles of our tax strategy. This year, the company has published its first discreet Tax Transparency Report which consolidates certain disclosures previously included in our Sustainability Report and Annual Report. This reaffirms our commitment to providing enhanced levels of transparency and disclosure. This report provides an overview of the guiding principles of Iluka’s tax strategy, our tax governance framework and our taxes, royalties and other payments to national, regional and local governments on a country-by-country basis for the 12-month period ending 31 December 2019. The report is available on our website as part of our Annual Reporting Suite.

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