Finding better ways to provide the materials the world needs
Purpose & Values
The drive for innovation and continuous improvement is at the heart of our purpose
Business Strategy
Climate change is at the heart of our business strategy
We are 150
150 years of finding better ways
We supply the metals and minerals used to help the world grow and decarbonise
Iron Ore
Iron ore is the primary raw material used to make steel
7 things the world will need for a low-carbon future
Wind, sun and water – what else do you need to make renewable energy work?
Sustainability – the expectation, not the exception
Shaping our aluminium product offering to meet demand for greener metals
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Look inside a mine of the future
Our most intelligent mine yet is pioneering new mining technologies
Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
Providing materials the world needs in a responsible way
Sustainability Reporting 2022
We have a responsibility to extract the full value from the minerals and materials we produce in the safest and most sustainable way possible
Climate Change
We’re targeting net zero emissions by 2050
Tailings
We’ve launched a new interactive map of our tailings facilities
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
Results
Half Year Results 2023 released 26 July
Get the latest news, stories and updates
Nammuldi rock shelter
Our statement on the Nammuldi rock shelter
The slow journey from red mud to green plants
Finding new ways to rehabilitate red mud
Rio Tinto commits $150 million to Centre for Future Materials led by Imperial College London
Discover more about life at Rio Tinto
Graduates & Students
If you want to drive real change, we have just the place to do it
Empowering families with flexibility
Supporting new parents of any gender with equal access to parental leave
Available jobs
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MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto is committed to paying small and medium business suppliers with up to $1 million of annual expenditure within 30 days of receipt of invoice. This is in line with the Australian Supplier Payment Code.
Rio Tinto is continually striving to improve supplier experiences, and our on-time supplier payments rate, which currently stands at approximately 96 per cent.
Last year, Rio Tinto introduced a voluntary online portal to offer suppliers greater transparency on their payment status, including viewing invoices and tracking payments. Feedback regarding the portal has been largely positive, with suppliers reporting favourably on the added ability to track payments.
The portal also provided an option for discounted accelerated payments for those requiring shorter payment terms than the agreed 30 days.
After review, Rio Tinto will no longer offer this accelerated payment option and will work on transition arrangements for those suppliers, representing about 3 per cent of Rio Tinto’s 10,000 Australian suppliers, that had selected the option.
Rio Tinto chief commercial officer Simon Trott said “Our suppliers are vital to our business success and we will continue to work to improve our partnerships with them. A supply chain of strong local suppliers is good for our business, good for local communities and good for the economy. We are committed to the Australian Supplier Payment Code.
“We are concerned about any reports that suggest we are not meeting supplier expectations and encourage suppliers to work with us and continue providing feedback about how our processes can be enhanced.”
A telephone hotline is being established for suppliers to contact Rio Tinto on this issue. Suppliers can email VendorFeedback@riotinto.com for further information in the interim.
Across Australia, Rio Tinto spends billions with local suppliers every year and continues to work with them to improve the partnerships and ensure increased opportunities for local communities.
Rio Tinto has a strong local procurement strategy designed to increase opportunities for Australian businesses to be a part of the Rio Tinto supply chain. Procurement practices, and those of Rio Tinto contractors, help sustain many Australian businesses and, in turn, local communities. Aboriginal businesses and charities are offered favourable terms on payments by Rio Tinto.
In 2018, Rio Tinto spent $4.4 billion with around 1,800 WA-based businesses, including $281 million with Pilbara-based businesses. At its Amrun bauxite mine in far north Queensland, Rio Tinto has spent more than $2 billion with 1,130 Australian suppliers, including more than 770 Queensland businesses during construction.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200128005905/en/
Contacts media.enquiries@riotinto.com riotinto.com Follow @RioTinto on Twitter Media Relations, United Kingdom Illtud Harri M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 Media Relations, Americas Matthew Klar T +1 514 608 4429 Media Relations, Asia Grant Donald T +65 6679 9290 M +65 9722 6028 Investor Relations, United Kingdom Menno Sanderse T: +44 20 7781 1517 M: +44 7825 195 178 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Media Relations, Australia Jonathan Rose T +61 3 9283 3088 M +61 447 028 913 Matt Chambers T +61 3 9283 3087 M +61 433 525 739 Jesse Riseborough T +61 8 6211 6013 M +61 436 653 412 Investor Relations, Australia Natalie Worley T +61 3 9283 3063 M +61 409 210 462 Amar Jambaa T +61 3 9283 3627 M +61 472 865 948 Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
Category: general
Source: Rio Tinto
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With the exception of the use of cookies (explained below), Rio Tinto generally does not seek to collect personal data through this website. However if you choose to provide personal data to Rio Tinto through this website (for example, by sending us an email), we will process that personal data to answer your query and if relevant, to manage our business relationship with you or your company. We won't process that personal data for other purposes except where required to meet our legal obligations or otherwise as authorised by law and notified to you.
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