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Mining behemoth Rio Tinto touts $47 billion economic contribution worldwide

From kitco.com

International mining giant Rio Tinto today released its "2020 Taxes paid: Our economic contribution" report, which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties. According to the report, despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties. Most of Rio Tinto’s taxes and ... (full story)

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  • Category: Fundamental Analysis