Economic Responsibility
Iluka's business activities create direct and indirect economic benefits to countries and communities in which we operate, including:
- employment opportunities;
- investment in community infrastructure and services;
- taxes, royalties and other payments to government;
- payments to landowners and community groups (i.e. statutory development funds, surface rent payments);
- local procurement supporting community businesses; and
- community support through sponsorships and partnerships.
A summary of the economic value generated and distributed from activities is provided in our annual Sustainability Report.
We support the transparent disclosure of our taxes, royalties and fees to government and recognise this forms part of our economic contribution to the regions in which we operate. Our taxes paid constitute a significant part of our economic contribution to the main countries in which we operate. Iluka’s payments to government for taxes and royalties is provided separately in our annual Tax Transparency Report.