2025

Taxes and royalties paid report 2025
PDF
6.69 MB

Please note: 2025 Country-by-country report will be published later in 2026.

To access past reports, see the Past taxes and royalties paid reports section. 

Our operations can have lasting positive impacts, and our aim is to make a meaningful contribution wherever we operate. Over time, the taxes and royalties we pay to governments and communities play a critical role in the lasting economic health and development of the regions where we operate. These payments 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. 

As stewards of the lands where we operate, we have a responsibility to access and develop the world’s essential materials safely and sustainably, and make a positive contribution to society. The taxes and royalties 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.

2025 highlights

$9.9bn

Taxes and royalties paid globally in 2025

$82.7bn

Taxes and royalties paid globally in the last 10 years

31.5%

Group effective corporate income tax rate on underlying earnings in 2025

41.5%

Group effective corporate income tax and royalty rate on underlying earnings in 2025

Social investment

$114.3m

2025 voluntary social investment contributions

$428.9m

Voluntary social investment since 2021

Peter Cunningham

Peter Cunningham

CHIEF FINANCIAL OFFICER

Our mission is to be the world’s most valued metals and mining business – for shareholders, employees, the people who work with us, our customers and partners, and the communities where we operate.”

Australia

In Australia, more than 24,000 people work with us each day to produce iron ore, salt, bauxite, alumina and aluminium, to responsibly close and rehabilitate mine sites, and to bring a copper project to life. Over the last decade, 76.4% of the $82.7 billion total taxes and royalties we have paid globally has been paid 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.

$6.1bn

Total taxes and royalties paid
in Australia in 2025

$3.7bn

Corporate income tax paid
in Australia in 2025

$2.0bn

Royalties paid in Australia in 2025

$11.8bn

Australian pre-tax underlying earnings
in 2025

31.2%

Australian effective corporate income tax rate on underlying earnings in 2025

41.4%

Australian effective income tax and royalty rate on underlying earnings in 2025

$63.2bn

Total taxes and royalties paid
in Australia in the last 10 years

24,025

Employees in Australia

$0.9bn

Taxes collected on behalf of employees and remitted to Australian governments in 2025

Canada

We are Canada’s largest mining and metals company, with diverse operations, projects and facilities spanning aluminium, lithium, scandium, iron ore, titanium dioxide and diamonds. Our assets include world-class mines, processing capabilities, hydropower plants and research and development centres across the country.

$399m
Total taxes and royalties paid
in Canada in 2025
$91m
Corporate income tax paid
in Canada in 2025
 
$ (291)m
Canadian pre-tax underlying loss
in 2025
13,899
Employees in Canada
 $520m
Taxes collected on behalf of employees
and remitted to Canadian governments in 2025

Mongolia

Oyu Tolgoi, in Mongolia’s Umnugovi province, is at the heart of our operations in Asia. It is one of the largest known copper and gold deposits, and also one of the most modern, safe and sustainable operations in the world.

$628m

Total taxes and royalties paid
in Mongolia in 2025

$254m

Royalties paid to the national government
in Mongolia in 2025

$223m

Other taxes paid to the national government in Mongolia in 2025

$945m

Mongolian pre-tax underlying earnings 
in 2025

$151m

Total taxes paid to regional governments
in Mongolia in 2025

 

$5.4bn

Total taxes and royalties paid
in Mongolia since 2010

 

5,128

Employees in Mongolia

 

$51m

Taxes collected on behalf of employees and remitted to Mongolian governments
in 2025

  • wave

Catalysing community-led development in Khanbogd

Khanbogd, the closest settlement to Oyu Tolgoi, is home to many of our employees and their families. In 2025, we continued to deepen our partnership with the soum through delivery of the Catalyst Fund, supporting sustainable, locally led development.

United States

Our operational footprint in the US spans 8 states, and produces a host of critical minerals including copper, lithium, aluminium, tellurium, gold, silver, borates and molybdenum.

$1.0bn

Total taxes and royalties paid
in the US in 2025

$ (6)m

Corporate income tax paid (refunded)
in the US in 2025

$53m

Taxes paid to Salt Lake County, Utah
in 2025

$ (126)m

US pre-tax underlying loss
in 2025

4,137

Employees in the US

$160m

Taxes collected on behalf of employees and remitted to US state and federal agencies
in 2025

South America

Our activities in South America include operations and projects spanning copper, lithium, bauxite and alumina. Argentina is the cornerstone of our lithium strategy, and with the acquisition of Arcadium Lithium plc, which completed in March 2025, we have expanded our portfolio of lithium assets in the region.

$1.3bn

Total taxes and royalties paid
in South America in 2025

$1.1bn

Total taxes and royalties paid
in Chile in 2025

$185m

Total taxes and royalties paid
in Argentina in 2025

$2.7bn

South America pre-tax underlying earnings in 2025 (including equity accounted units)

3,547

Employees in South America
(including equity accounted units)

$57m

Taxes collected on behalf of employees and remitted to governments in South America in 2025

Africa

In 2025, we marked the start of operations from Simandou in Guinea, the world’s largest known untapped high-grade iron ore deposit. Our activities in Africa also include mineral sands and ilmenite production from South Africa and Madagascar, and bauxite from Guinea.

$123m

Total taxes and royalties paid
in Africa in 2025

$95m

Total taxes and royalties paid
in Guinea in 2025

$19m

Total taxes and royalties paid
in South Africa in 2025

$ (272)m

Africa pre-tax underlying loss in 2025 (including equity accounted units)

4,710

Employees in Africa
(including equity accounted units)

$47m

Taxes collected on behalf of employees and remitted to governments in Africa in 2025

Europe

Our history dates back more than 150 years to the Rio Tinto copper mines in Huelva, Spain. Today, our global headquarters are in London, and the region is home to operational activities while also supporting our global operations, customers and partners.

$158m

Total taxes and royalties paid
in Europe in 2025

$107m

Corporate income tax paid
in Europe in 2025

$42m

Employer payroll tax paid
in Europe in 2025

$ (203)m

Europe pre-tax underlying loss
in 2025

1,313

Employees in Europe

$84m

Taxes collected on behalf of employees and remitted to European governments in 2025

  • wave

Helping reunite dispersed communities in Iceland

In 2025, support for the Grindavík community has continued as residents face ongoing uncertainty following the volcanic eruptions that began in late 2023. The eruptions, which started near the community of Grindavík, left thousands of residents homeless, and caused significant damage to water and electricity infrastructure.

Past taxes and royalties paid reports

2024
Taxes and Royalties Paid Report 2024
PDF
5.79 MB
Country-by-Country Report 2024
PDF
4.33 MB
2023
Taxes and Royalties Paid Report 2023
PDF
4.53 MB
Country-by-Country Report 2023
PDF
2.55 MB
2022
Taxes and Royalties Paid Report 2022
PDF
1.76 MB
Country-by-Country Report 2022
PDF
1.17 MB
2021
Taxes and Royalties Paid Report 2021
PDF
4.74 MB
Country-by-Country Report 2021
PDF
1.42 MB
2020
Taxes and Royalties Paid Report 2020
PDF
18.77 MB
Country-by-Country Report 2020
PDF
4.25 MB
2019
Taxes and Royalties Paid Report 2019
PDF
5.42 MB
Country-by-Country Report 2019
PDF
1.23 MB
2018
Taxes and Royalties Paid Report 2018
PDF
6.25 MB
Country-by-Country Report 2018
PDF
429 KB
2017
Taxes and Royalties Paid Report 2017
PDF
3.14 MB
2016
Taxes and Royalties Paid Report 2016
PDF
5.57 MB
2015
Taxes and Royalties Paid Report 2015
PDF
5.31 MB
2014
Taxes and Royalties Paid Report 2014
PDF
562 KB
2013
Taxes and Royalties Paid Report 2013 
PDF
3.99 MB
2012
Taxes and Royalties Paid Report 2012
PDF
2 MB
2011
Taxes and Royalties Paid Report 2011
PDF
3.24 MB

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