Ulaanbaatar, Mongolia – Rio Tinto, in its latest report ‘Taxes paid in 2013,’ noted that in 2013 the company paid US$220 million in taxes and payments to Mongolia, the fourth highest amount out of all the countries in which Rio Tinto operates. Globally, Rio Tinto paid US$9.4 billion in taxes.
Rio Tinto Chief financial officer Chris Lynch said “This report demonstrates the significant contribution Rio Tinto makes to public finances in the countries where it operates around the globe. We are a strong advocate for global tax transparency and this is reflected through this report and our founding membership of the Extractive Industries Transparency Initiative.”
Rio Tinto, which manages the Oyu Tolgoi mine, voluntarily reports the details of all individual payments over US$1 million made to governments in the countries where Rio Tinto operates.
The country in which most tax was paid was Australia, with more than US$5.7b paid last year. Canada (US$523m), Chile (US$380m), Mongolia (US$220m), United States (US$217m), South Africa (US$167m), France (US$126m), Guines (US$64m), Singapore (US$52m) and the United Kingdom (US$26m) were among other governments to have received significant tax payments during 2013.
This is the fourth year that Rio Tinto has published its ‘Taxes paid’ report.
Follow the below links for more details:
RT taxes paid in 2013 (.PDF 3.82MB)
Rio Tinto publishes details of its US7.5 billion global tax payments in 2013 (.PDF 149KB)
About Oyu Tolgoi LLC (http://ot.mn/en)
Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company, is a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto. Located in the Umnugobi, Oyu Tolgoi has commissioned Concentrator plant in December, 2012 and commenced shipments of copper concentrate in July of 2013. As the biggest single investment in Mongolian history, Oyu Tolgoi already is a major driver of the country’s economy.
Oyu Tolgoi is managed by Rio Tinto, which is investing global expertise and cutting-edge technology to help develop Mongolia’s mining industry and ensure Oyu Tolgoi is one of the world’s most advanced mines. Oyu Tolgoi is developing a nationwide vocational training programme, regional infrastructure, and is committed to ensuring more than 90 per cent Mongolian national employment and a strong Mongolian supplier base. These programmes will help drive economic growth for generations to come.
Oyu Tolgoi’s core commitment is to a safe work place and setting a new standard in environmental care.
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