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The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
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The lightest of all metals, it is a key element needed for low-carbon technologies
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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
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Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
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Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
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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
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MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto has published its 2024 Taxes and Royalties Paid Report, which details $8.4 billion of taxes and royalties paid globally during the year (2023: $8.5 billion).
In Australia, taxes and royalties totalling $6.3 billion (A$9.5 billion) were paid in 2024, including corporate tax paid of $3.7 billion (A$5.5 billion). Rio Tinto also made significant tax and royalty payments in Chile ($615 million), Canada ($500 million), Mongolia ($482 million), and the United States ($136 million).
Rio Tinto Chief Financial Officer Peter Cunningham said: “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.
“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.”
In the past 10 years, Rio Tinto has paid $77.3 billion in taxes and royalties globally, of which more than 78% was paid in Australia.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250326160909/en/
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Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493
Media Relations, Australia Matt Chambers M +61 433 525 739 Michelle Lee M +61 458 609 322 Rachel Pupazzoni M +61 438 875 469
Media Relations, Canada Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Vanessa Damha M +1 514 715 2152
Media Relations, US Jesse Riseborough M +1 202 394 9480
Investor Relations, United Kingdom Rachel Arellano M: +44 7584 609 644 David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Weiwei Hu M +44 7825 907 230
Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948
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Source: Rio Tinto