EX-2 2 ef20036269_ex201.htm MTI RESOURCE EXTRACTION PAYMENT REPORT FOR 2023
EXHIBIT 2.01
Resource Extraction Payment Report for Minerals Technologies Inc.
For the fiscal year ended December 31, 2023

Project-level disclosure
The table below sets forth our payments made to governments, by project and type of payment.
   
For the year ended December 31, 2023
   
(Thousands of US$)(1)
Project
 
Taxes
 
Royalties
Fees
Production entitlements
Bonuses
Dividends
Payments for infrastructure improvements
Community and social responsibility payments
 
TOTAL
United States
                       
U.S. Federal Government
 
17,598
 (2)
 
17,598
Adams
 
 
 
Canaan
 
 
 
Lucerne Valley
 
 
65
 
65
Pima County
 
 
8
 
8
Barretts
 
 
21
 
21
Colony - Montana
 
 
110
 
110
Colony - South Dakota
 
 
54
 
54
Colony - Wyoming
 
 
138
 
138
Lovell - Montana
 
 
81
 
81
Lovell - Wyoming
 
 
295
 
295
Nevada
 
 
34
 
34
Sandy Ridge
 
 
 
Gascoyne
 
 
 
China
                       
Government of China
 
5,936
 (3)
 
5,936
Chao Yang
 
1,221
 (4)
1
152
1
 
1,375
Slovakia
                       
Lutila
 
50
 (5)
55
24
 
129
Turkey
                       
Government of Turkey
 
2,558
 (6)
 
2,558
Unye
 
 
42
152
 
194
Enez
 
 
187
 
187
Usak
 
 
40
 
40
Australia
                       
Gurulmundi
 
150
 (7)
46
9
 
205

(1)
All payments are reported in U.S. dollars. Payments relating to the project in China were made in renminbi, payments relating to the project in Slovakia were made in euros, payments relating to the projects in Turkey were made in Turkish lira, and payments relating to the project in Australia were made in Australian dollars. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of December 31, 2023.
(2)
The Company files a consolidated U.S. federal corporate income tax return at the parent entity level for itself and its U.S. subsidiaries, which includes all of its U.S. entities including those holding the U.S. projects listed. The tax payments reported are the payments made by the Company to the U.S. federal government during the fiscal year ended December 31, 2023 at the consolidated group level. The tax payments relate to the consolidated U.S. income of the Company, not to particular projects.
(3)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of China relating to the entity holding the Chao Yang project.  The payments relate to the income of such entity, not to the particular project.
(4)
Represents resource taxes paid to the Jianping tax authority relating to the Chao Yang project.
(5)
Represents income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of the Slovak Republic relating to the entities holding the Lutila project.  The payments relate to the income of such entities, not to the particular project.
(6)
Represents income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Turkey relating to the entities holding the Unye, Enez, and Usak projects.  The payments relate to the income of such entities, not to the particular projects.
(7)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Australia relating to the entity holding the Gurulmundi project.  The payments relate to the income of such entity, not to the particular project.
 

Project Detail
The table below sets forth details of payments made to governments.
Project
 
Major Subnational Political Jurisdiction
 
Segment
 
Resource
 
Extraction Method
Government
Amount
(Thousands of US$)(1)
United States
                   
U.S. Federal Government(2)
               
U.S. Federal Government
17,598
Adams
 
Massachusetts
 
Consumer & Specialties
 
Limestone
 
Open Pit
Canaan
 
Connecticut
 
Consumer & Specialties
 
Limestone
 
Open Pit
Lucerne Valley
 
California
 
Consumer & Specialties
 
Limestone
 
Open Pit
U.S. Federal Government
65
Pima County
 
Arizona
 
Consumer & Specialties
 
Limestone
 
Open Pit
U.S. Federal Government
8
Barretts
 
Montana
 
Consumer & Specialties
 
Talc
 
Open Pit
U.S. Federal Government
21
Colony – Montana(3)
 
Montana
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
110
Colony – South Dakota(3)
 
South Dakota
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
54
Colony – Wyoming(3)
 
Wyoming
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
138
Lovell – Montana(4)
 
Montana
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
81
Lovell – Wyoming(4)
 
Wyoming
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
295
Nevada
 
Nevada
 
Both
 
Bentonite
 
Open Pit
U.S. Federal Government
34
Sandy Ridge
 
Alabama
 
Both
 
Bentonite
 
Open Pit
Gascoyne
 
North Dakota
 
Both
 
Leonardite
 
Open Pit
China
                   
Government of China(5)
               
Government of China
 5,936
Chao Yang
 
Liaoning
 
Both
 
Bentonite
 
Open Pit
Jianping Tax Authority
 1,375
Slovakia
                   
Lutila(6)
 
Banska Bystrica
 
Consumer & Specialties
 
Bentonite
 
Open Pit
Government of the Slovak Republic
129
Turkey
                   
Government of Turkey(7)
               
Government of Turkey
2,558
Unye
 
Ordu
 
Consumer & Specialties
 
Bentonite
 
Open Pit
Government of Turkey
194
Enez
 
Edirne
 
Both
 
Bentonite
 
Open Pit
Government of Turkey
187
Usak
 
Usak
 
Consumer & Specialties
 
Bentonite
 
Open Pit
Government of Turkey
40
Australia
                   
Gurulmundi(8)
 
Queensland
 
Both
 
Bentonite
 
Open Pit
Australia Federal Government
150
Gurulmundi
 
Queensland
 
Both
 
Bentonite
 
Open Pit
Queensland State Government
55

(1)
All payments are reported in U.S. dollars. Payments relating to the project in China were made in renminbi, payments relating to the project in Slovakia were made in euros, payments relating to the projects in Turkey were made in Turkish lira, and payments relating to the project in Australia were made in Australian dollars. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of December 31, 2023.
(2)
The Company files a consolidated U.S. federal corporate income tax return at the parent entity level for itself and its U.S. subsidiaries, which includes all of its U.S. entities including those holding the U.S. projects listed. The tax payments reported are the payments made by the Company to the U.S. federal government during the fiscal year ended December 31, 2023 at the consolidated group level. The tax payments relate to the consolidated U.S. income of the Company, not to particular projects.
(3)
Mining relating to our Colony, Wyoming facility is conducted in Montana, South Dakota, and Wyoming.  For purposes of this Report, each of such mining areas is disclosed as a separate project.
(4)
Mining relating to our Lovell, Wyoming facility is conducted in Montana and Wyoming.  For purposes of this Report, each of such mining areas is disclosed as a separate project.
(5)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of China relating to the entity holding the Chao Yang project.  The payments relate to the income of such entity, not to the particular project.
(6)
Includes income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of the Slovak Republic relating to the entities holding the Lutila project.  The payments relate to the income of such entities, not to the particular project.
(7)
Represents income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Turkey relating to the entities holding the Unye, Enez, and Usak projects.  The payments relate to the income of such entities, not to the particular projects.
(8)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Australia relating to the entity holding the Gurulmundi project.  The payments relate to the income of such entity, not to the particular project.



Government-level disclosure
The table below sets forth our payments made to governments, by government and type of payment.
   
For the year ended December 31, 2023
   
(Thousands of US$)(1)
Project
 
Taxes
Royalties
Fees
Production entitlements
Bonuses
Dividends
Payments for infrastructure improvements
Community and social responsibility payments
 
TOTAL
 
United States
                       
U.S. Federal Government(2)
 
17,598
806
 
18,404
 
China
                       
Government of China(3)
 
5,936
 
5,936
 
Jianping Tax Authority
 
1,221
1
152
1
 
1,375
 
Slovakia
                       
Government of the Slovak Republic(4)
 
50
55
24
 
129
 
Turkey
                       
Government of Turkey(5)
 
2,558
42
379
 
2,979
 
Australia
                       
Australia Federal Government(6)
 
150
 
150
 
Queensland State Government
 
46
9
 
55
 
TOTAL
 
27,513
144
1,370
1
 
29,028
 

(1)
All payments are reported in U.S. dollars. Payments relating to the project in China were made in renminbi, payments relating to the project in Slovakia were made in euros, payments relating to the projects in Turkey were made in Turkish lira, and payments relating to the project in Australia were made in Australian dollars. Such payments made in currencies other than in U.S. dollars have been converted to U.S. dollars using the exchange rates as of December 31, 2023.
(2)
The Company files a consolidated U.S. federal corporate income tax return at the parent entity level for itself and its U.S. subsidiaries, which includes all of its U.S. entities including those holding the U.S. projects listed. The tax payments reported are the payments made by the Company to the U.S. federal government during the fiscal year ended December 31, 2023 at the consolidated group level. The tax payments relate to the consolidated U.S. income of the Company, not to particular projects.
(3)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of China relating to the entity holding the Chao Yang project.  The payments relate to the income of such entity, not to the particular project.
(4)
Includes income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of the Slovak Republic relating to the entities holding the Lutila project.  The payments relate to the income of such entities, not to the particular project.
(5)
Includes income taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Turkey relating to the entities holding the Unye, Enez, and Usak projects.  The payments relate to the income of such entities, not to the particular projects.
(6)
Represents income and withholding taxes paid during the fiscal year ended December 31, 2023 at the entity level to the Government of Australia relating to the entity holding the Gurulmundi project.  The payments relate to the income of such entity, not to the particular project.