Rio Tinto Group has prepared and submitted their annual "Taxes Paid" report with detailed information regarding 7.1 billion USD in taxes paid internationally in 2014, with 185 million USD paid to the Government of Mongolia.

This is the 5^th year the group has published the report. Rio Tinto Group says it voluntarily provides information about taxes of more than 1 million USD that are paid to governments of the countries where they conduct business activity.

Last year, the Government of Australia was paid 5.6 billion USD, (6.2 billion AUD), Canada 432 million USD, Chile 262 million USD, USA 211 million USD, Mongolia 185 million USD, France 106 million USD, Guinea 67 million USD, Singapore 44 million USD, and Great Britain was paid 29 million USD. The majority of the totals paid were for taxes and royalty payments.   

Chris Lynch, Financial Director of Rio Tinto Group noted, "Through our tax and royalty contribution, investments, employment, local purchasing and contracting, we are a major generator of wealth and economic activity. We are very proud of this record.

"The taxes paid report is important evidence of our commitment to taxation transparency. We were a founding member of the Extractive Industries Transparency Initiative and strongly advocate the need to appropriately disclose payments to governments around the world."