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Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties 08 April 2021 share MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto today released its 2020 Taxes paid: Our economic contribution report, which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties. Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic cont...

Rio Tinto makes first sale of aluminium-scandium alloy for 3D printing on March 11 2021 9:57 AM MONTREAL--(BUSINESS WIRE)--Rio Tinto has signed an agreement to provide a first commercial batch of high-performance aluminium-scandium alloy from its North American operations to Amaero, a leader in metal additive manufacturing. This first sale is being delivered through Rio Tinto’s unique position as a producer of both aluminium and scandium, and its technical capability to develop specialised alloys. Under the agreement, Rio Tinto will deliver alloy billets made of responsibly produced, low ca...

Investegate announcements from Rio Tinto, Notices of 2021 annual general meetings

The Australian Taxation Office has issued Rio Tinto Limited with amended assessments of A$359.4m primary tax and A$47.1m of interest. This is in addition to the more than A$8.4bn of Australian income tax paid during the relevant period. The assessments relate to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. This borrowing was repaid in 2018. Borrowing to fund ...

Rio Tinto: Rio spends over A$500 million with WA businesses at Tom Price mine Rio Tinto has to date awarded contracts valued at over $385 million (A$500 million) to local Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price Operations. Construction of the Western Turner Syncline Phase 2 (WTS2) expansion commenced in early 2020 and to date more than 85 per cent of spending on the project has been awarded to Western Australian and Pilbara Aboriginal businesses, directly through Rio Tinto or principal contractor Mondium. At peak construc...