The ruby mining company Montepuez Ruby Mining (MRM) has already paid the state 207.6 million dollars in various taxes and fees over the last 10 years.

MRM began operations in 2014 in the Montepuez district of Cabo Delgado province. The company pays the state for the exploitation of rubies in Namanhumbir, an administrative post in the Montepuez district.

Of the various taxes, the highlights are the Corporate Income Tax (IRPC) and the Mineral Royalties tax. Disaggregated data from the company indicates that in 2022, MRM paid 44.5 million dollars to the state coffers, of which 25.9 million in IRPC and 18.6 million USD in Royalties.

Over the last five years (2018-2022), MRM has channeled 124.5 million dollars to the state, of which 74 million dollars in IRPC and 50.65 million dollars in royalties.

A statement sent to "Carta" explains that the 203.6 million dollars corresponds to 23% of the total revenue recorded by the company over the last decade, amounting to 903 million dollars, resulting from 18 auctions held.

The data in question is contained in MRM's 'G-Factor for Natural Resources', an instrument that provides data on the tax contribution and also aims to increase transparency about the levels of capital shared by the company with the government. The 'G-Factor for Natural Resources' is an instrument that can be applied by other companies such as those in the mining, oil & gas, timber or fishing sectors.

"The G-Factor for Natural Resources is intended to become an easy-to-understand indicator of the percentage of revenues that a mineral resource operation pays to the country to which the resources belong in primary and direct taxes, where the host government is a shareholder - dividends. As such, it is an indicator of the share of the wealth generated by natural resources paid to the government of the host country. The G-Factor for Natural Resources takes its name from the "g" in "government", "governance" and "good practices", the note explains.

"Given the evolution of resource nationalism on the one hand, and the increase in strategic competition by companies and states for access to resources on the other, it seems to us that a practical measure that allows a more direct comparison of the sharing of natural resource wealth would greatly help to identify responsible custodians of nations' resources. We hope that the G-Factor for Natural Resources will be voluntarily adopted by other companies, applied by host governments and incorporated into projects such as the EITI," said Sean Gilbertson, CEO of Gemfields, parent company, operator and 75% holder of the MRM. (Letter)