Currently viewing Global edition

Rio tax contribution breaks $5 billion

Rio Tinto (LN:RIO) this week reported it paid out US$5.1 billion in royalties and general taxes over 2017, with around 80% of that funnelled into government coffers in Australia and Mongolia, where the company has come under pressure for what some see as inadequate economic contributions.

Rio tax contribution breaks $5 billion Rio tax contribution breaks $5 billion Rio tax contribution breaks $5 billion Rio tax contribution breaks $5 billion Rio tax contribution breaks $5 billion

Doing the right things is only half the battle for miners facing the legacy of bad reputation

The major said the majority of its taxes were paid in Australia (US$3.