Rio Tinto releases details of $8.4 billion of taxes and royalties paid in 2024

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.

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

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

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Media Relations,

Canada

Simon Letendre

M +1 514 796 4973

Malika Cherry

M +1 418 592 7293

Vanessa Damha

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Media Relations,

US

Jesse Riseborough

M +1 202 394 9480

Investor Relations,

United Kingdom

Rachel Arellano

M: +44 7584 609 644

David Ovington

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Laura Brooks

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Weiwei Hu

M +44 7825 907 230

Investor Relations,

Australia

Tom Gallop

M +61 439 353 948

Amar Jambaa

M +61 472 865 948

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2000

Registered in England

No. 719885

Rio Tinto Limited

Level 43, 120 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

riotinto.com

Category: General

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