Rio Tinto 2024 Taxes and Royalties Paid Report is the company’s $8.4 billion payment to governments across the globe in taxes and royalties in 2024, a decrease from $8.5 billion in 2023.
Industry leader paid a total of $6.3 billion (A$9.5 billion) in Australia alone, of which $3.7 billion (A$5.5 billion) was company tax.
Huge payments were also made in Chile ($615 million), Canada ($500 million), Mongolia ($482 million), and the United States ($136 million).
Chief Financial Officer Peter Cunningham further stated, “We need to be a good place wherever we are, and paying tax and royalties to government is a very big part of contributing to bringing the economic prosperity and wealth of the areas we’re in.”
He spoke of Rio Tinto’s contribution to economic benefits through its jobs, skills transferred, and development priorities in the region.
Adding $77.3 billion to governments around the world over the past decade, over 78% to Australia alone, Rio Tinto’s financial footprint is proof of its commitment to doing the right thing.
While these donations add to the treasuries of national exchequers, they also influence the world market through their push in facilitating economic growth and enhancing resilience among communities.
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