Rio Tinto spends more than A$16.1 billion with suppliers in Australia

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 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 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.”

Contacts

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