Rio Tinto spends more than A$16.1 billion with Australian suppliers
(Posted on 15/04/24)
Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company’s ongoing commitment to support communities where it operates.
This was an increase of 5 per cent on the previous year and was spent with more than 5,800 businesses, including Australian owned and operated businesses and locally owned and managed branches of global companies. The spend helped support tens of thousands of Australian jobs and delivered a significant economic contribution to communities across the country.
As part of this spend, more than A$727 million was spent with 168 Indigenous businesses across Australia – an increase of 29 per cent on the year before.
There was also a 25.5 per cent increase in spending with local businesses across Australia to A$1.2 billion dollars.
Rio Tinto Chief Executive, Australia, Kellie Parker said, “For Rio Tinto to have a long-term future, we need the communities where we operate to be successful and prosperous.
“We strive to employ locally and buy locally in Australia – especially from Indigenous, small and regional businesses. It's about providing opportunities to help these businesses grow and, in doing so, creating new jobs and training opportunities for many Australians, helping to support the nation's economy.
“We’re proud to have increased our spend with Australian Indigenous businesses by 29 per cent to A$727 million in 2023 and with local businesses around Australia by 25% to A$1.2 billion.”
Rio Tinto also continues to increase its contribution in Western Australia to support local jobs and economies, with the company boosting spending with local businesses near its operations by almost 40 per cent from a year earlier.
Latest News
Leading event for grain handling and processing returns to Omaha
(Posted on 28/04/24)The National Grain and Feed Association (NGFA) in the USA, Grain Elevator and Processing Society (GEAPS... Read more
American Feed Industry commends vital supply chain legislation
(Posted on 23/04/24)The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more
NGFA says NASS reports are critical to agribusiness operations
(Posted on 23/04/24)In a letter to U.S. Agriculture Secretary Tom Vilsack, the National Grain and Feed Association (NGFA... Read more
Bauxite and aluminium businesses deliver stable Rio Tinto results
(Posted on 18/04/24)Bauxite production of 13.4 million tonnes was 11% higher than the first quarter of 2023 for Rio Tinto... Read more
Cargill increases its renewable energy capacity by more than 40%
(Posted on 15/04/24)Cargill has reported increasing its contracted renewable energy capacity by 42% after signing five new... Read more
Agreement to set up KEZAD steel recycling and production facility
(Posted on 29/03/24)The UAE’s largest operator of integrated and purpose-built economic zones, Khalifa Economic Zones... Read more
Senate legislation includes phosphate and potash as critical minerals
(Posted on 25/03/24)The Fertilizer Institute (TFI) has praised the U.S. Senate for introducing bipartisan legislation to... Read more
Agribusiness expert’s legacy and optimism for GrainCorp’s future
(Posted on 18/03/24)Farmer, Company Director and long-standing member of the GrainCorp Board of Directors, Dan Mangelsdorf... Read more
Research offers Rotterdam guidelines for raw material transition
(Posted on 15/03/24)Different product processes, non-fossil raw materials and rare materials are crucial for a CO2-neutral... Read more
Bunge Chevron Ag Renewables to build Louisiana processing plant
(Posted on 10/03/24)Bunge and Chevron have announced approval of a final investment decision for their joint venture Bunge... Read more
