Rio Tinto takes step towards transparency by publishing payments to governments

Author: Publish What You Pay International, Published on: 29 April 2009

Rio Tinto…has taken an important step towards transparency by voluntarily disclosing, for the first time, the total tax and royalty payments that it makes to 13 of the countries where it operates…“We welcome this progressive step…” said Radhika Sarin, Publish What You Pay International Coordinator. “We would encourage Rio Tinto to go further next year and break down the different types of payments to each country”…“Companies like Rio Tinto are showing that far from being bad for business, greater openness is likely to improve a company's reputation, credibility and ultimately its profit margin.” [also refers to StatoilHydro,Talisman Energy, Newmont Mining Corporation]

Read the full post here

Related companies: Equinor (formerly Statoil) Newmont Goldcorp Rio Tinto Talisman (part of Repsol)