Ramaco Resources Inc.
09/25/2024 | Press release | Distributed by Public on 09/25/2024 08:48
Specialized Disclosure Report - Form SD
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Resource Extraction Payment Report |
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Ramaco Resources, Inc. |
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Payment Amount (in USD) By Payment Type |
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Segment (or Entity Level *) |
Project / Subnational |
Resource / Method of Extraction |
Governmental Recipient |
Payment Description |
Taxes |
Royalties |
Fees |
Production |
Bonuses |
Dividends |
Payments for |
Community and |
Total |
Fiscal Year |
|
Ramaco Resources, Inc. (*) |
Not applicable (*) |
U.S. federal government |
Federal income taxes (*) |
$400,000 |
$400,000 |
2023 |
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Appalachian Coal Operations |
Virginia |
Coal / Underground and open pit |
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U.S. federal government |
Black lung excise taxes |
$86,319 |
$86,319 |
2023 |
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|
U.S. federal government |
Reclamation fees |
$94,268 |
$94,268 |
2023 |
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Subtotal for Virginia activities |
U.S. federal government |
$86,319 |
$0 |
$94,268 |
$0 |
$0 |
$0 |
$0 |
$0 |
$180,587 |
2023 |
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Appalachian Coal Operations |
West Virginia |
Coal / Underground and open pit |
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U.S. federal government |
Black lung excise taxes |
$516,099 |
$516,099 |
2023 |
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|
U.S. federal government |
Reclamation fees |
$291,336 |
$291,336 |
2023 |
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|
Subtotal for West Virginia activities |
U.S. federal government |
$516,099 |
$0 |
$291,336 |
$0 |
$0 |
$0 |
$0 |
$0 |
$807,435 |
2023 |
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|
Total |
U.S. federal government |
$1,002,418 |
$0 |
$385,604 |
$0 |
$0 |
$0 |
$0 |
$0 |
$1,388,022 |
2023 |
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Summary of payments to the U.S. federal government |
Federal income taxes |
$400,000 |
2023 |
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|
Black lung excise taxes |
$602,418 |
2023 |
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|
Reclamation fees |
$385,604 |
2023 |
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$1,388,022 |
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(*) The U.S. federal government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The reported amount of federal income taxes paid excludes the U.S. federal income tax refund of $11,758,222 received during 2023.
All payments above were made in U.S. dollars