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
SSAB delivers decarbonised steel to Vattenfall’s solar park project in Germany
(Posted on 29/05/26)SSAB is supplying decarbonised steel to Vattenfall for the construction of the ground-mounted solar... Read more
NGFA statement on STB’s decision to conditionally accept rail merger application
(Posted on 29/05/26)In accordance with the Surface Transportation Board’s merger rules, the Board has conditionally... Read more
EU feed production market forecast highlights continued stability
(Posted on 25/05/26)FEFAC market experts are forecasting continued stability in the EU compound feed production market for... Read more
Fertilizer Action Plan: recognition must now translate into delivery
(Posted on 22/05/26)Fertilizers Europe has acknowledged the European Commission’s Fertilizer Action Plan, which recognises... Read more
Tripartite MOU to establish direct U.S.–DRC cobalt supply chain
(Posted on 14/05/26)Entreprise Générale du Cobalt, EVelution Energy LLC and Trafigura Pte Ltd. has announced... Read more
Commissioning of Oxelösund electric arc furnace delayed due to permitting
(Posted on 14/05/26)SSAB’s conversion of the mill in Oxelösund to fossil-free production is being delayed due... Read more
YEC agreement supports decarbonisation of Rio Tinto’s Pilbara iron ore operations
(Posted on 11/05/26)Yindjibarndi Energy Corporation (YEC), one of Australia’s largest Indigenous-led renewable energy... Read more
ASA Vice President urges caution in USTR Section 301 investigation
(Posted on 11/05/26)Soybean farmers are already facing significant economic headwinds and new trade actions could add further... Read more
ADM investment to upgrade Clinton, Iowa, corn processing facility
(Posted on 11/05/26)ADM, a global leader in innovative solutions from nature, has announced a multimillion-dollar investment... Read more
JV in Bayuquan, China to strengthen global raw material supply chains
(Posted on 04/05/26)CREMER ERZKONTOR GmbH has announced the official opening of its joint venture, CREMER (Yingkou) Supply... Read more
