Rio Tinto $RIO (-2.04%) has published its report on taxes and royalties paid in 2024, which details $8.4 billion (2023: $8.5 billion) in taxes and royalties paid worldwide during the year.
In Australia, taxes and royalties totaling $6.3 billion (A$9.5 billion) were paid in 2024, including corporate income tax paid of $3.7 billion (A$5.5 billion). Rio Tinto also made significant tax and royalty payments in Chile ($615 million), Canada ($500 million), Mongolia ($482 million) and the United States ($136 million).
Peter Cunningham, Rio Tinto's Chief Financial Officer, said: "We are committed to operating responsibly wherever we operate and the taxes and royalties we pay to governments play a vital role in supporting the economic health and development of the regions in which we operate.
"Our economic contribution can be significant to national budgets and local development priorities such as job creation and skills training in the countries where we operate. And our voluntary social investments provide further added value to communities, enabling them to invest in their own social and economic development for years to come.
"Our commitment to safe and sustainable access to the world's vital materials underpins everything we do. We strive to act responsibly at every stage of our business and continue to work to find better ways to support the communities in which we operate."
Over the past 10 years, Rio Tinto has paid $77.3 billion in taxes and royalties globally, more than 78% of which was paid in Australia.