Rio Tinto releases details of taxes, royalties paid in 2023
Diversified mining company Rio Tinto has paid $8.5-billion in taxes and royalties globally in 2023, the majority of which was paid in Australia.
The 2023 amount compares with $10.8-billion paid in 2022, which included $1.5-billion of Australian corporate tax payments related to prior years.
In Australia, home to almost half the company’s global business, taxes and royalties totalling $6.6-billion were paid in 2023, including corporate tax paid of $4.1-billion.
Rio Tinto also made significant tax and royalty payments in Canada ($601-million), Chile ($477-million), Mongolia ($371-million) and the US ($123-million).
“We remain committed to being a leader on transparent tax reporting, as we continue to find better ways to contribute to our host countries and communities,” said CFO Peter Cunningham.
“The taxes and royalties we pay play an important role in economic and social development, and can be significant for national budgets and local development priorities such as job creation and skills training.
“It is important to us that we make this contribution openly and transparently, as part of our responsibility to extract value from the minerals and materials we produce in the safest and most sustainable way possible.”
In the past ten years, Rio Tinto has paid $76-billion in taxes and royalties globally, of which more than 78% was paid in Australia.
Comments
Research Reports
Projects
Latest News
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
