Statement of Support
Engagement with the EITI
Rio Tinto is committed to improved mineral resource governance and has played a leading role in the disclosure of tax payments to governments, mineral development contracts with governments and beneficial ownership information. The company strive to provide information on the beneficial owners of those entities that we have joint ventures with, in line with the EITI Standard and the EITI company expectations.
Rio Tinto actively engages with governments and other stakeholders to share its experiences on disclosure and transparency, and encourage the harmonisation of reporting obligations aligned with global best practice. The company is a founding member of the EITI and Rio Tinto's Corporate Relations Group executive, Simone Niven, is a member of the international EITI Board 2019-2021.
An interview with Rio Tinto about its contract transparency policy is available on the EITI's website.
As a founding member of the EITI and signatory to the B Team Responsible Tax Principles, the company believes that greater transparency and accountability is key to building trust and encouraging sustainable business practices. Rio Tinto commits to disclosing taxes paid and payments to governments. Rio Tinto has been disclosing contracts since 2014, including its one with the Mongolian government covering the massive Oyu Tolgoi mine.
In 2019, the company voluntarily disclosed:
- 25 mineral development contracts with host governments
- Information on their beneficial owners and 30 jointly owned entities, in line with the EITI expectations
- Project by project and country by country taxes paid
To learn more about Rio Tinto’s transparency policy, including contract disclosure and Beneficial Ownership, please visit Rio Tinto's website.
Link to the statement of support on Rio Tinto's website