Mining giant Rio Tinto paid $8.5 billion in taxes and royalties in 2023.
The figure was released as part of Rio’s 2023 Taxes and Royalties Paid Report, which details the amount paid in all countries Rio operates in.
The breakdown of the $8.8 billion included $6.6 billion to Australia, $601 million to Canada, $477 million to Chile, $371 million to Mongolia and $123 million to the US.
Australia is home to almost half of Rio’s global business, with the $6.6 billion amount including $4.1 billion of corporate tax.
“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,” Rio Tinto chief financial officer Peter Cunningham said.
“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.”
The past decade has seen Rio pay $76 billion in global taxes and royalties, with more than 78 per cent paid in Australia.
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