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The primary raw material used to make steel, which is strong, long-lasting and cost-efficient
Lithium
The lightest of all metals, it is a key element needed for low-carbon technologies
Copper
Tough but malleable, corrosion-resistant and recyclable, and an excellent conductor of heat and transmitter of electricity
Bringing to market materials critical to urbanisation and the transition to a low-carbon economy
Oyu Tolgoi
One of the most modern, safe and sustainable operations in the world
Rincon Project
A long-life, low-cost and low-carbon lithium source
Simandou Project
The world’s largest untapped high-grade iron ore deposit
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Nature solutions
Our nature-based solutions projects complement the work we're doing to reduce our Scope 1 and 2 emissions
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We have a clear plan on decarbonisation - find out more about our progress in 2024
We aim to deliver superior returns to our shareholders while safeguarding the environment and meeting our obligations to wider society
Acquisition of Arcadium Lithium
Bringing our scale, development capabilities and financial strength to the Arcadium Lithium portfolio
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How unlocking innovation requires a change of mindset
Reducing titanium oxide's carbon footprint
Our BlueSmelting technology could drastically reduce carbon emissions during ore processing
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MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion in 2023, as part of the company’s ongoing commitment to support communities where it operates.
This was an increase of 5 per cent on the previous year and was spent with more than 5,800 businesses, including Australian owned and operated business and locally managed branches of global companies. The spend helped support tens of thousands of Australian jobs and delivered a significant economic contribution to communities across the country.
As part of this spend, more than A$727 million was spent with 168 Indigenous businesses across Australia – an increase of 29 per cent on the year before.
There was also a 25.5 per cent increase in spending with local businesses across Australia to A$1.2 billion dollars.
Rio Tinto Chief Executive, Australia, Kellie Parker said, “For Rio Tinto to have a long-term future, we need the communities where we operate to be successful and prosperous.
“We strive to employ locally and buy locally in Australia – especially from Indigenous, small and regional businesses. It's about providing opportunities to help these businesses grow and, in doing so, creating new jobs and training opportunities for many Australians, helping to support the nation's economy.
“We’re proud to have increased our spend with Australian Indigenous businesses by 29 per cent to A$727 million in 2023 and with local businesses around Australia by 25% to A$1.2 billion.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411454022/en/
Please direct all enquiries to media.enquiries@riotinto.com
Media Relations, Australia
Matt Chambers M +61 433 525 739
Jesse Riseborough M +61 436 653 412
Alyesha Anderson M +61 434 868 118
Michelle Lee M +61 458 609 322
Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885
Rio Tinto Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
Category: General
Source: Rio Tinto
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