ViganThe Wolfson Centre for Bulk Solids Handling Technology Van AalstPort of StocktonCimbriaCleveland Cascades Ltd
  • Bühler GmbH
  • Sailors Society
  • Port of South Louisiana
  • Vigan
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TOC Events

Rio Tinto discloses tax details

(Posted on 09/04/20)

Rio Tinto paid $7.6 billion in taxes and royalties globally in 2019, including $4.8 billion of corporate tax, as detailed in its latest Taxes paid report.

The majority of its taxes were paid in Australia ($6.2 billion), home to the largest part of Rio Tinto’s business. The company also made significant payments in Chile ($311 million), Mongolia ($305 million), Canada ($291 million), United States ($178 million), the United Kingdom ($117 million) and South Africa ($80 million).

The report also outlines the $45.1 billion direct economic contribution Rio Tinto made in 2019 to the countries and communities where it operates, taking the company’s direct economic contribution since 2015 to $210 billion.

Rio Tinto chief financial officer Jakob Stausholm said “Our business, including the taxes and royalties we pay, play a critical role in the overall economic health and development of the regions where we operate.

“The funds we provide to governments and communities support the basic infrastructure of society – bridges and roads, schools and hospitals – as well as other local development priorities, like job creation and skills training. Being transparent about where these payments go helps our stakeholders better understand how these funds may be used.”

A decade ago Rio Tinto became the first company in the resources industry to voluntarily disclose its payments to governments in detail, and has continued to report on taxes and royalties paid, and economic contribution, in increasing detail ever since. Over that period, Rio Tinto has paid over $70 billion in taxes and royalties to governments around the world, including $52 billion paid in Australia.

This year, consistent with Rio Tinto’s commitment to building on transparency about its economic contribution, the company has for the first time released comprehensive financial and tax related disclosures for each country in which it operates. The company’s 2018 Country by Country report can be found on our website.

Rio Tinto is a founding member of the Extractive Industries Transparency Initiative and a signatory to the B Team Tax Principles, a not-for-profit initiative formed by a group of cross-sector, cross-regional companies to help define what leadership in responsible tax looks like.

Latest News

Record profits as Glencore plan buyback and special dividend

(Posted on 05/08/22)

A first half year profit of almost $19bn has been announced by Glencore, partly driven by the company... Read more


Bühler and Al-Hazaa open cutting-edge flour mill in port of Aqaba, Jordan

(Posted on 29/07/22)

Swiss technology group Bühler and Jordanian Al-Hazaa Investment Group have celebrated the opening... Read more


Solar panels to reduce emissions at BHP Nickel West

(Posted on 25/07/22)

The first solar panels have started being installed this week at BHP’s massive solar farm at Leinster... Read more


BHP to receive world’s first carbon neutral conveyor belt

(Posted on 18/07/22)

China’s Wuxi Boton has announced the world's first carbon neutral conveyor belts for delivery... Read more


Ecobat announces sale of Stolberg

(Posted on 18/07/22)

Ecobat, the global leader in battery recycling, and Trafigura, a leading global supplier of commodities... Read more


CONVEY’22 to feature regulatory compliance, grain safety and ops training

(Posted on 01/07/22)

The National Grain and Feed Association in the USA (NGFA) is partnering with the Grain Elevator and... Read more


Landmark guide supports First Nations community engagement

(Posted on 26/06/22)

A new guide to support industry and organisations to engage with First Nations communities across Australia... Read more


First ore delivered at Rio Tinto Gudai-Darri mine in the Pilbara

(Posted on 20/06/22)

Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its... Read more


British Steel pressing ahead with £26 million investment

(Posted on 20/06/22)

British Steel has been given planning approval for a £26 million upgrade to its Special Profiles... Read more


Trafigura strong in testing times

(Posted on 12/06/22)

Trafigura Group Pte. Ltd, a market leader in the global commodities industry, released its half year... Read more


Bühler GmbHTelestackTBA GroupPort of South LouisianaMultimodal 2022Sailors Society
  • Telestack
  • Port of Stockton
  • Multimodal 2022

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping