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Stock impact report

Rio Tinto spends more than A$16.1 billion with suppliers in Australia [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
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 businesses and locally owned and 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 f Show less Read more
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