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Rio Tinto Details $47 Bln 2020 Economic Contribution

Rio Tinto (RTPPF.PK,RIO.L,RIO,RTNTF.PK) said it made a total direct economic contribution of $47 billion in 2020, including $8.4 billion of taxes and royalties.

The company said it paid $6.8 billion or A$9.8 billion of taxes and royalties in Australia. It included $4.6 billion of corporate tax.

The company also made significant payments in Canada ($651 million or C$872 million), Mongolia ($277 million), Chile ($246 million), UK ($132 million), United States ($111 million), and South Africa ($61 million).

Rio Tinto noted that its $47 billion direct economic contribution in 2020 took the company's total direct economic contribution since 2016 to $220 billion.

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