Sailors SocietyPort of South LouisianaPort of StocktonGeneva DryCimbriaTMS Awards 2023
  • TBA Group
  • Sailors Society
  • Cimbria
  • TMS Awards 2023
  • Bühler GmbH
  • Telestack

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

SSAB invests $74 Million to expand steel production in Alabama

(Posted on 07/05/25)

Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more


GGC welcomes new Canadian government and urges farm priorities action

(Posted on 01/05/25)

Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more


US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote

(Posted on 30/04/25)

The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more


Ukraine already sown two million hectares of spring grains

(Posted on 28/04/25)

As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more


Condobolin rail upgrade fast-tracks NSW grain

(Posted on 25/04/25)

GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more


Rio Tinto and AMG assess low-carbon aluminium project in India

(Posted on 22/04/25)

Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more


BHP record iron ore and copper production demonstrates resilience

(Posted on 22/04/25)

BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more


WTO: Trump’s tariffs will shrink global trade

(Posted on 16/04/25)

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more


$235million syndicated loan agreement to boost UAE trade with Trafigura

(Posted on 15/04/25)

In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more


Anglo American update on sale of steelmaking coal business to Peabody

(Posted on 15/04/25)

Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more


Van AalstBühler GmbHTBA GroupTelestackVigan
  • Geneva Dry
  • Vigan
  • Van Aalst
  • Port of South Louisiana

Subscribe to our newsletter

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