Rio Tinto paid $8.4bn in taxes and royalties, majority paid in Australia
Rio Tinto paid $8.4-billion in taxes and royalties globally in 2024, slightly lower than the $8.5-billion paid the previous year, according to its latest taxes and royalties paid report.
Australia accounted for the bulk of the payments, with the miner contributing $6.3-billion (A$9.5-billion) in taxes and royalties, including $3.7-billion (A$5.5-billion) in corporate tax. Other significant contributions included $615-million in Chile, $500-million in Canada, $482-million in Mongolia, and $136-million in the US.
“We seek to operate responsibly everywhere we work, and the taxes and royalties we pay to governments play a critical role in supporting the economic health and development of the regions where we operate,” said Rio Tinto CFO Peter Cunningham.
“Our economic contribution can be significant for national budgets and local development priorities such as job creation and skills training for the countries where we do business. And our voluntary social investment delivers further value to communities, allowing them to invest in their own social and economic development for years to come.
“Our commitment to safely and sustainably access the world’s essential materials underpins everything we do. We strive to operate responsibly at every stage of our business, and to continue to work to find better ways to support the communities in which we operate.”
Over the past decade, Rio Tinto has paid $77.3-billion in taxes and royalties worldwide, with Australia receiving more than 78% of the total.
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