Rio Tinto has recorded its largest ever supplier spend, coming in at $19.7 billion.
It covers more than 6,000 Australian suppliers in 2025, a $2 billion increase over the previous year in an effort to support jobs in businesses across the country.
Rio Tinto iron ore chief executive and Australia country head Matthew Holcz said its suppliers are make what everything at Rio Tinto possible and are “fundamental” to its operations.
“We are proud to acknowledge the vital role these Australian businesses play in creating jobs, strengthening local economies and supporting our business,” Holcz said.
“We have expanded our spend with our Australian suppliers to $19.7 billion in 2025, that’s an extra $2 billion spent with businesses across the nation compared with the previous year. This reflects the outstanding work our supplier partners do every day, and it means more value flowing to local and regional economies.”
The company recorded it spent $1.5 billion on local suppliers in the regions the company operates to help support local jobs and communities. A record $1.1 billion was spent with Indigenous businesses, including $820 million with Traditional Owner businesses.
In addition, Rio Tinto paid $9.5 billion in taxes and royalties in 2025 in Australia.
“Stronger local supply chains build stronger communities, and in turn, a stronger nation,” Holcz said.
“We deeply value the commitment and dedication of our Australian suppliers.”