It operates through the following business segments: Iron … Australia is home to around half of our global assets, including Koodaideri – our new $2.6 billion iron ore mine – and Winu, our promising copper-gold exploration project.At our iron ore assets in the Pilbara, projects worth a combined value of $4.6 billion are underway. Rio Tinto Plc engages in the exploration, mining, and processing of mineral resources. It is also one of the most modern, safe and sustainable operations in the worldTotal Taxes & Royalties Paid in CanadaCorporate Income Tax Paid in Africa All the information from our current and past Annual General MeetingsTotal Taxes & Royalties PaidIncluding Total Taxes Paid to Four Regional GovernmentsOur values, experience and history tell us that we must work in a way that delivers real, lasting benefits for the owners of our company as well as the wider communities in which we operate.
Because the higher all-in aluminium price (LME+premium) in U.S. will more than compensate for the costs of an import tax. Rio Tinto Group is an Anglo-Australian multinational and the world's second largest metals and mining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government.. The ebbing tide of the mining boom means that Rio is not having to shoulder as much of the tax burden as it once did. Rio Tinto estimates the pandemic has disrupted 3%-4% of global copper supply, and warns this could increase further. Rio Tinto, a mining company, reported 1H results: "3.3 billion dollars net earnings, 20% lower than 2019 first half, mainly reflected a 0.2 billion dollars higher impairment charge, 0.3 billion dollars increase in exchange rate losses and 0.1 billion dollars net additional closure costs for non-operating and fully impaired assets.(...) Read more about these key strategy pillars below.© Rio Tinto 2020. We must care for our employees, respect and care for the environment when we explore, build and operate, and repurpose or rehabilitate the land when our operations come to an end.
Rio Tinto said its net debt totaled $4.83 billion at the end of June, down from $12.90 billion four years ago. July 29, 2020 02:49 ET (06:49 GMT) We must contribute our fair share to local and national economies, including through the payment of taxes and royalties, and do so transparently.Including Total Taxes Paid to the Mongolian National GovernmentWe produce iron ore for steel, aluminium for cars and smart phones, copper for wind turbines, diamonds that set the standard for “responsible”, titanium for household products and borates for crops that feed the worldOur values, experience and history tell us that we must work in a way that delivers real, lasting benefits for the owners of our company as well as the wider communities in which we operateTotal Taxes & Royalties Paid in the USTaxes Collected on Behalf of Employees & Remitted to Canadian GovernmentsDiscover more about life at Rio TintoTaxes Collected on Behalf of Employees & Remitted to Latin American GovernmentsWe believe we can be part of the solution to address climate changeNon-Government Royalties & OtherTotal Taxes & Royalties Paid in South Africa Iron ore, one of the most abundant metals on Earth, is the primary raw material used to make steelEmployer Payroll Tax Paid in EuropeWe are doing what we can to prevent or help stop the spread of COVID-19Total Taxes & Royalties Paid in AfricaAfrica underlying earnings 2019 (including equity accounted units)Taxes Collected on Behalf of Employees & Remitted to European GovernmentsInvested in Mongolia Between 2010 & 2019Rio Tinto is a mining and metals company operating in about 36 countries around the worldWe work in about 36 countries – in mines, smelters and refineries, as well as in sales offices, data centres, research and development labsCorporate Income Tax Paid in Europe© Rio Tinto 2020. So lobbying by Rio Tinto and Alcoa for Canadian aluminium tax-free exports may come out fruitless. Write to David Winning at david.winning@wsj.com (END) Dow Jones Newswires. Why? Of the $7.6 billion Rio Tinto paid in taxes and royalties during 2019, $6.2 billion was paid in Australia. Rio Tinto’s strategy focuses on the “four Ps” – portfolio, performance, people and partners – underpinned by disciplined capital allocation. Regardless of it, even with an import tax of 10%, Rio Tinto would still reap more benefits than losses in future. Discover Rio Tinto's strategy & values today.
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