Cameco : 2023 estma reporting
CCJ
Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name
Cameco Corporation
Reporting Year
From
2023-01-01
To:
2023-12-31
Date submitted
2024-06-13
Reporting Entity ESTMA Identification Number
E886600
Original Submission
Amended Report
Other Subsidiaries Included
(optional field)
Not Consolidated
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
Heidi Shockey
Date
2024-06-13
Position Title
Senior Vice-President and Deputy Chief Financial Officer
Reporting Entities May Insert Their Brand/Logo here
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year
From:
2023-01-01
To:
2023-12-31
Reporting Entity Name
Cameco Corporation
Currency of the Report
CAD
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
Notes3,4
Payments2
Improvement Payments
Payee
national government of
Payments for regulatory oversight, and radio licenses.
Canada
3,970,000
3,970,000
Departments include Canadian Nuclear Safety Commission
Canada
(CNSC), Industry Canada, Environment Canada.
Payments for property taxes, royalties, highway maintenance,
and regulatory oversight. Departments include Ministry of
Canada -Saskatchewan
the province of Saskatchewan
7,830,000
69,100,000
4,420,000
81,350,000
Economy, Ministry of Finance, Ministry of Government
Relations, Ministry of Environment, Ministry of Highways &
Infrastructure.
Canada -Ontario
the province of Ontario
Ministry of Finance
50,000
50,000
Payments for mandatory hoist rope testing
Payments to the trust are attributed to Black Lake Denesuline
First Nation, Fond du Lac Denesuline First Nation, Hatchet
Canada -Saskatchewan
Athabasca Community Trust
1,820,000
1,820,000
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
collaboration agreements with the community. These include
Canada -Saskatchewan
English River First Nation
500,000
20,000
520,000
payments directly to the community and to a community-
owned contractor and consultant. Some payments are made
to support the building and maintenance of community
facilities
Payments based on the collaboration agreement, including
Lac La Ronge Indian Band
funding for education and community liaison. The trust is
Canada -Saskatchewan
510,000
510,000
attributed to the communities of Grandmother's Bay, Hall
Community Trust
Lake, La Ronge, Little Red River, Stanley Mission, and
Sucker River
Payments are mostly comprised of contributions stipulated in
collaboration agreements with the community. These include
Canada -Saskatchewan
northern village of Pinehouse
1,230,000
1,230,000
payments directly to the community and to a community-
owned contractor. Some payments are made to support the
building and maintenance of community facilities
Trust fund to benefit indigenous communities in Northern
Canada -Saskatchewan
Six Rivers Fund
100,000
100,000
Saskatchewan. Money is granted to projects to support
youth, education, health & wellness, and sports & recreaction.
Canada -Saskatchewan
Town of La Ronge
Payments mode to town to purchase fire fighting equipment
0 for the community.
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year
From:
2023-01-01
To:
2023-12-31
Reporting Entity Name
Cameco Corporation
Currency of the Report
CAD
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
Notes3,4
Payments2
Improvement Payments
Payee
Canada -Saskatchewan
Peter Ballantyne Cree Nation
700,000
700,000
Payments based on the participation agreement, including
community investment funding and business development.
Departments include Nuclear Regulatory Commission, Bureau
United States of America
national government of United
880,000
880,000
of Land Management, Department of Agriculture. Transaction
States of America
occurred in USD$, converted to CAD$ at the exchange rate
existing at time of payments (Avg. $1.30 CAD/USD).
Departments include Department of Environmental
Quality,Office of State Lands and Investments, Department of
United States of America
the state of Wyoming
70,000
10,000
300,000
380,000
Revenue, Secretary of State. Transaction occurred in USD$,
converted to CAD$ at the exchange rate existing at time of
payments (Avg. $1.30 CAD/USD)
Departments include Department of Environmental Quality,
Board of Education, Department of Health & Human Services.
United States of America
the state of Nebraska
180,000
180,000
Transaction occurred in USD$, converted to CAD$ at the
exchange rate existing at time of payments (Avg. $1.30
CAD/USD)
the municipality of Campbell
Transaction occurred in USD$, converted to CAD$ at the
United States of America
250,000
250,000
exchange rate existing at time of payments (Avg. $1.30
County
CAD/USD)
the municipality of Converse
Transaction occurred in USD$, converted to CAD$ at the
United States of America
540,000
30,000
570,000
exchange rate existing at time of payments (Avg. $1.30
County
CAD/USD)
the municipality of Dawes
Transaction occurred in USD$, converted to CAD$ at the
United States of America
80,000
80,000
exchange rate existing at time of payments (Avg. $1.30
County
CAD/USD)
the municipality of Fremont
Transaction occurred in USD$, converted to CAD$ at the
United States of America
10,000
10,000
exchange rate existing at time of payments (Avg. $1.30
County
CAD/USD)
Australia
Government of Western
Department of Mines &
310,000
310,000
Transaction occurred in AUD$, converted to CAD$ at the
Australia
Petroleum
exchange rate existing at time of payments ($0.90 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
Additional Notes:
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.
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year
From:
2023-01-01
To:
2023-12-31
Reporting Entity Name
Cameco Corporation
Currency of the Report
CAD
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
Notes2,3
Improvement Payments
Project
Canada -Saskatchewan
Cameco Corporation
69,100,000
4,860,000
73,960,000
corporate royalties & colloboration agreements that are not
assigned/attributed to a specific project
property taxes & regulatory fees
Canada -Saskatchewan
Key Lake
1,500,000
3,860,000
10,000
5,370,000
(100% of payments reported, Cameco ownership 83.3%)
property taxes & regulatory fees
Canada -Saskatchewan
McArthur River
1,320,000
1,600,000
10,000
2,930,000
(100% of payments reported, Cameco ownership 69.8%)
property taxes & regulatory fees
Canada -Saskatchewan
Cigar Lake
4,630,000
2,040,000
10,000
6,680,000
(100% of payments reported, Cameco ownership 54.5%)
Canada -Saskatchewan
Rabbit Lake
380,000
860,000
1,240,000
property taxes & regulatory fees
Canada -Saskatchewan
Exploration
90,000
90,000
Claim staking and maintenance fees
Transaction occurred in USD$, converted to CAD$ at the
United States of America
Crow Butte Resources
80,000
370,000
450,000
exchange rate existing at time of payment (Avg. $1.30
CAD/USD)
Transaction occurred in USD$, converted to CAD$ at the
United States of America
Power Resources Inc
870,000
10,000
1,030,000
1,910,000
exchange rate existing at time of payment (Avg. $1.30
CAD/USD)
Transaction occurred in AUD$, converted to CAD$ at the
Australia
Cameco Australia
310,000
30,000
340,000
exchange rate existing at time of payment (Avg. $0.90
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 Notes 3:
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.
Disclaimer
Cameco Corporation published this content on 05 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2024 09:11:43 UTC.