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
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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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We are proud to be a leader in open and transparent tax reporting. Together, our Taxes and Royalties Paid and Country-by-Country reports meet the comprehensive requirements of Tax Standard (GRI 207) of the Global Sustainability Standards Board of the Global Reporting Initiative. And alongside our Annual report, both reports help demonstrate the value we deliver our stakeholders.
Download our 2024 Taxes and Royalties Paid Report. Our 2024 Country-by-Country Report will be published later this year.
We must ensure all of our stakeholders benefit from the success of our business. To do this, it is essential that we care for our employees, respect and safeguard the environment and communities where we explore, build and operate, and repurpose or rehabilitate the land when our operations come to an end.
We seek to operate responsibly wherever we work. The taxes we pay to governments is one way in which we do this, as they play a critical role in the economic health and development of the regions where we operate. The taxes governments and communities receive support the basic infrastructure of society, such as bridges and roads, schools and hospitals, as well as other local development priorities, including job creation and skills training. Australia is home to almost half of our global business and employees and in 2024 we were one of Australia’s largest taxpayers.
Our strategy is about growing in the materials the world needs. This will ensure Rio Tinto can continue contributing meaningfully to the countries and communities where we operate, live and work, in the short, medium and long term.”
Catalysing economic opportunities for host communities and regions is also a priority for us. Through our voluntary social investment, our goal is to contribute to strong and resilient communities in thriving regional economies. We apply a strategic approach to partnering with communities so we can deliver outcomes that are important to them.
More than 24,000 employees live and work in Australia, where our origins date back almost 120 years. Over the last decade, 78.1% of the $77.3 billion total taxes and royalties we have paid globally has been in Australia. We are one of Australia’s largest taxpayers, and are proud of our contribution to the economic health, sustainability and growth of the regions where we operate.
$6.3B Total taxes & royalties paid in Australia $3.7B Corporate income tax paid in Australia $2.3B Royalties paid in Australia 31.4% Australian effective corporate income tax rate on underlying earnings 41.5% Australian effective income tax and royalty rate on underlying earnings $60.4B Total taxes and royalties paid in Australia in the last 10 years $12.4B Australian pre-tax underlying earnings 24,366 Employees $0.9B Taxes collected on behalf of employees and remitted to Australian governments
With more than 14,100 employees, we are the largest mining and metals company in Canada. We have world-class mines and processing capabilities spanning aluminium, iron ore, titanium dioxide, diamonds and scandium, and operate hydropower plants in Quebec and British Columbia. We also explore and operate research and development centres, and port and rail facilities. In 2024, we spent a total of C$6.3 billion in Canada.
$500M Total taxes and royalties paid in Canada $190M Corporate income tax paid in Canada $442M Canadian pre-tax underlying earnings 14,157 Employees $512M Taxes collected on behalf of employees and remitted to Canadian governments
By 2030, our Oyu Tolgoi operation in Mongolia’s South Gobi Desert is expected to be the world’s fourth-largest copper mine. Oyu Tolgoi produces both copper and gold, and is unrivalled in the industry in its scale and domestic economic impact. It is also one of the most modern, safe and sustainable operations globally, and comprises a workforce which is more than 97% Mongolian.
$482M Total taxed and royalties paid in Mongolia $344M Taxes and royalties paid to the Mongolian national Government, including royalties of $126M $138M Total taxes paid to the regional governments $1,042M Mongolian pre-tax underlying loss 4,962 Employees $42M Taxes collected on behalf of employees and remitted to Mongolian governments
Rio Tinto Kennecott is a world-class integrated copper mining operation in Utah which has been producing copper since 1903. Our U.S. Borax mine in California supplies around 30% of the world’s needs for refined borates, which we also ship from our refining facility in the Port of Los Angeles.
$136M Total taxes and royalties paid in the US $1M Corporate income tax paid (refunded) in the US $55M Taxes paid to Salt Lake County, Utah $370M US pre-tax underlying loss 4,113 Employees $131M Taxes collected on behalf of employees and remitted to US state and federal agencies
In 2024, we received Board approval to further develop our Rincon lithium project to its full potential, demonstrating our commitment to growing in South America and to building a world-class battery materials portfolio. We produced first lithium from the Rincon starter plant at the end of 2024, and when fully operational, the project will be a valuable source of high-quality lithium for the global energy transition.
$666M Total taxes and royalties paid in South America $615M Total taxes and royalties paid in Chile $33M Total taxes and royalties paid in Argentina $1,529M South America pre-tax underlying earnings (including equity accounted units) 1,946 Employees (including equity accounted units) $38M Taxes collected on behalf of employees and remitted to South American governments
Our operations in Africa include mines, refineries and processing plants, and we conduct exploration activities across the continent. In Guinea, we are developing the Simandou project, a world-class high-grade iron ore deposit, demand for which is increasing as steelmakers look to reduce carbon emissions. We also have mineral sands operations in South Africa and Madagascar, and a non-managed interest in a bauxite mine, also in Guinea.
$150M Total taxes and royalties paid in Africa $87M Corporate income tax paid in Africa $34M Africa pre-tax underlying earnings (including equity accounted units) $79M Total taxes and royalties paid in South Africa 4,670 Employees in Africa (including equity accounted units) $42M Taxes collected on behalf of employees and remitted to governments of 6 countries in Africa
Europe has been part of Rio Tinto’s history for more than 150 years, stretching back to our origins in the mines of Huelva, southern Spain. Today, our global headquarters are in London, and we have operations, legacy sites, research and development centres, and commercial and exploration teams across Europe. We continue to invest in Europe, focusing on commodities and partnerships enabling the energy transition.
$81M Total taxes and royalties paid in Europe $29M Corporate income tax paid in Europe $41M Employer payroll tax paid in Europe $114M Europe pre-tax underlying earnings 1,241 Employees $92M Taxes collected on behalf of employees and remitted to European governments