Finding better ways to provide the materials the world needs
Our business
We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs
Our purpose in action
Continuous improvement and innovation are part of our DNA
Innovation
The need for innovation is greater than ever
We supply the metals and minerals used to help the world grow and decarbonise
Iron Ore
The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
Lithium
The lightest of all metals, it is a key element needed for low-carbon technologies
Copper
Tough but malleable, corrosion-resistant and recyclable, and an excellent conductor of heat and transmitter of electricity
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Oyu Tolgoi
One of the most modern, safe and sustainable operations in the world
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
Climate Change
We’re targeting net zero emissions by 2050
Nature solutions
Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
Enabling ESG transparency
Our START™ initiative tracks traceability and responsible production of Rio Tinto materials.
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
Reports 2024
Download our 2024 suite of reports, including our 2024 Taxes and Royalties Paid Report, detailing $8.4 billion of taxes and royalties paid globally during the year
Get the latest news, stories and updates
Things You Can't Live Without
Our podcast discussing what needs to happen to create a sustainable future for the everyday items we have come to rely on
Refuelling the mining industry
How can we power the world’s biggest machines with new fuel solutions?
Forging a low-carbon future
How we're working to decarbonise iron ore and steel
Discover more about life at Rio Tinto
Graduates and 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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Rio Tinto has published its first payment times performance data as part of the Australian Government’s Payment Times Reporting Scheme (PTRS) and put in place faster payment times for Australian small and regional suppliers.
During the first PTRS reporting period, from January to June 2021, Rio Tinto spent A$613 million with around 6,300 Australian suppliers on the government’s small business register.
In this period, Rio Tinto paid 76 per cent of invoices to small businesses within 20 days, in line with its terms at the time, and 93 per cent within 30 days. Performance has improved significantly in the current reporting period, with 96 per cent of invoices paid within 20 days and 98 per cent within 30 days to date since 1 July 2021.
Rio Tinto is committed to further improving its payment times performance. Effective immediately, Australian small suppliers are on faster 14-day payment terms and all regional businesses, regardless of size, based close to the company’s Australian operations are on 20-day payment terms.
Following feedback from Australian suppliers, Rio Tinto will also create a new local support team to provide additional assistance to the company’s Australian small and regional business suppliers.
The new team will focus on increasing local buying programs, ensuring quicker payment turn-around times, and will be targeting seven-day payment terms for Indigenous suppliers. In 2020, Rio Tinto spent about A$300 million with around 80 Indigenous suppliers.
Rio Tinto Chief Executive, Australia, Kellie Parker said “Suppliers play a crucial role in our business and are integral to the local economies and communities in which we operate. Fast and timely payment is an important part of our supply chain, and we will continue to support openness and transparency surrounding payment terms.
“To reinforce our commitment to our suppliers, we have introduced new faster payment terms for Australian small and regional businesses. After not meeting our own expectations and those of our suppliers in the first PTRS reporting period, we have made changes to improve our performance in the second reporting period, which we must now build upon.”
The Payment Times Reporting Scheme, which commenced on 1 January 2021, seeks to increase transparency on payment terms and requires large businesses and government to publicly report their small business payment terms and times.
Media Relations, UK Illtud Harri M +44 7920 503 600David OuthwaiteM +44 7787 597 493Media Relations, AmericasMatthew KlarT +1 514 608 4429Media Relations, AustraliaJonathan RoseM +61 447 028 913Matt ChambersM +61 433 525 739Jesse RiseboroughM +61 436 653 412Investor Relations, UKMenno SanderseM: +44 7825 195 178David OvingtonM +44 7920 010 978Clare PeeverM +44 7788 967 877Rio Tinto plc6 St James’s SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885Investor Relations, AustraliaNatalie WorleyM +61 409 210 462Amar JambaaM +61 472 865 948Rio Tinto LimitedLevel 7, 360 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404riotinto.com