Rio Tinto increased its spend with Australian suppliers to more than A$15.3B in 2022, as part of the company’s ongoing commitment to support communities where it operates. This was an increase of almost 9% on the previous year and was spent with more than 6,200 businesses, including Australian owned and operated businesses and locally owned and managed branches of global companies. As part of this spend, more than A$565M was spent with Indigenous businesses across Australia – an increase of 40% on the year before.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RIO: