Rio Tinto’s economic impact runs to $43bn

Original article by Matt Chambers
The Australian – Page: 19 : 29-Oct-18

A report produced by ACIL Allen Consulting on behalf of Rio Tinto has estimated that the resources giant accounted for 2.5 per cent of Australia’s GDP in 2017, or $42.7bn. The report also notes that Rio Tinto paid $4.9bn in taxes and royalties in Australia during 2017. The report takes into account both Rio Tinto’s direct and indirect contribution to the economy. Rio Tinto CEO Jean-Sebastien Jacques has urged mining companies to be more active in demonstrating their economic contribution to countries in which they operate. He will address the International Mining and Resources conference in Melbourne on 30 October.

CORPORATES
RIO TINTO LIMITED – ASX RIO, ACIL ALLEN CONSULTING PTY LTD, BHP BILLITON LIMITED – ASX BHP, INTERNATIONAL COUNCIL FOR MINING AND METALS, FORTESCUE METALS GROUP LIMITED – ASX FMG, ANGLO AMERICAN PLC, SOUTH32 LIMITED – ASX S32, NEWCREST MINING LIMITED – ASX NCM, TECK RESOURCES LIMITED, ANTOFAGASTA PLC, NEWMONT MINING CORPORATION, GOLDCORP INCORPORATED

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