Rio Tinto PLC Files 20-F for Fiscal Year Ended December 31, 2023

Ticker: RTNTF · Form: 20-F · Filed: Feb 23, 2024 · CIK: 887028

Rio Tinto Ltd 20-F Filing Summary
FieldDetail
CompanyRio Tinto Ltd (RTNTF)
Form Type20-F
Filed DateFeb 23, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$725 million, $565 million
Sentimentneutral

Sentiment: neutral

Topics: Rio Tinto, 20-F, Mining, Financial Report, SEC Filing

TL;DR

<b>Rio Tinto PLC submitted its 20-F filing detailing its 2023 fiscal year performance and financial standing.</b>

AI Summary

RIO TINTO LTD (RTNTF) filed a Foreign Annual Report (20-F) with the SEC on February 23, 2024. Rio Tinto PLC, a major metal mining company, filed its annual 20-F report on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company's primary SIC code is METAL MINING [1000]. Rio Tinto PLC is incorporated in X0 with its principal executive offices located in London, UK. The filing includes information on various debt instruments, such as notes due in 2028, 2033, 2040, 2042, 2051, and 2053.

Why It Matters

For investors and stakeholders tracking RIO TINTO LTD, this filing contains several important signals. This 20-F filing provides a comprehensive overview of Rio Tinto's financial health, operational performance, and risk factors for the 2023 fiscal year, crucial for investors assessing the company's stability and future prospects. The detailed financial information, including various debt issuances and currency reporting, allows stakeholders to understand the company's capital structure and exposure to different economic environments.

Risk Assessment

Risk Level: medium — RIO TINTO LTD shows moderate risk based on this filing. The company operates in the cyclical metal mining industry, which is subject to price volatility and global economic conditions, as indicated by its SIC code and the nature of its business.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to assess Rio Tinto's performance and outlook in the volatile mining sector.

Key Numbers

  • 20231231 — Fiscal Year End (Conformed Period of Report)
  • 20240223 — Filing Date (Filed As Of Date)
  • 19950522 — Date of Name Change (Former Company Name Change)
  • 19950725 — Date of Name Change (Former Company Name Change)

Key Players & Entities

  • RIO TINTO PLC (company) — Filer
  • 0000863064 (company) — Central Index Key
  • METAL MINING [1000] (company) — Standard Industrial Classification
  • LONDON, SW1Y 4AD (company) — Business Address City, State, Zip
  • 44 20 7781 1623 (company) — Business Phone
  • RIO TINTO LTD (company) — Filer
  • 0000887028 (company) — Central Index Key
  • VICTORIA 3000 (company) — Business Address City, State, Zip

FAQ

When did RIO TINTO LTD file this 20-F?

RIO TINTO LTD filed this Foreign Annual Report (20-F) with the SEC on February 23, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by RIO TINTO LTD (RTNTF).

Where can I read the original 20-F filing from RIO TINTO LTD?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RIO TINTO LTD.

What are the key takeaways from RIO TINTO LTD's 20-F?

RIO TINTO LTD filed this 20-F on February 23, 2024. Key takeaways: Rio Tinto PLC, a major metal mining company, filed its annual 20-F report on February 23, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's primary SIC code is METAL MINING [1000]..

Is RIO TINTO LTD a risky investment based on this filing?

Based on this 20-F, RIO TINTO LTD presents a moderate-risk profile. The company operates in the cyclical metal mining industry, which is subject to price volatility and global economic conditions, as indicated by its SIC code and the nature of its business.

What should investors do after reading RIO TINTO LTD's 20-F?

Investors should review the detailed financial statements and risk factors within the 20-F to assess Rio Tinto's performance and outlook in the volatile mining sector. The overall sentiment from this filing is neutral.

How does RIO TINTO LTD compare to its industry peers?

Rio Tinto operates within the global metal mining industry, a sector characterized by significant capital investment, commodity price fluctuations, and geopolitical influences.

Are there regulatory concerns for RIO TINTO LTD?

As a publicly traded company in the United States, Rio Tinto is subject to the reporting requirements of the Securities Exchange Act of 1934, necessitating annual filings like the 20-F.

Industry Context

Rio Tinto operates within the global metal mining industry, a sector characterized by significant capital investment, commodity price fluctuations, and geopolitical influences.

Regulatory Implications

As a publicly traded company in the United States, Rio Tinto is subject to the reporting requirements of the Securities Exchange Act of 1934, necessitating annual filings like the 20-F.

What Investors Should Do

  1. Review Rio Tinto's detailed financial statements and management discussion for the fiscal year 2023.
  2. Analyze the company's debt structure, including the various notes due in upcoming years.
  3. Assess the risk factors outlined in the 20-F filing, particularly those related to commodity prices and global economic conditions.

Year-Over-Year Comparison

This filing represents the annual 20-F report for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Filing Stats: 4,410 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-02-23 07:30:25

Key Financial Figures

  • $725 million — ng EBITDA 3 28% $ 23.9 bn (2023 A$725 million increased from A$565 million in 2022)
  • $565 million — (2023 A$725 million increased from A$565 million in 2022) (2022: $ 26.3 bn) Completi

Filing Documents

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrants are shell companies (as defined in Rule 12b-2 of the Exchange Act). Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrants have filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No Auditor Name Auditor Location Auditor Firm ID KPMG LLP London, United Kingdom 1118 KPMG Perth, Australia 1020 Item Form 20-F Caption Location in this document Page 1 Identity of directors, senior management and advisers Not applicable – 2 Offer statistics and expected timetable Not applicable – 3 Key information 3.A - [Reserved] Not applicable – 3.B – Capitalisation and indebtedness Not applicable – 3.C – Reasons for the offer and use of proceeds Not applicable – 3.D – Risk factors

Risk factors

Risk factors 4 Information on the company 4.A – History and development of the company Contents Cover At a glance 2-3 Chair's statement 4-5 Chief Executive's Q&A 6-7 Our purpose in action 10-11 Our stakeholders 12-13 Strategic context 14-15 Progressing our strategy 17 Progressing our four objectives 18-19 Key performance indicators 20-22 Chief Financial Officer's statement 23 Financial review 24-29 Portfolio management 30-31 Iron Ore 32-33 Aluminium 34-35 Copper 36-37 Minerals 38-39 Our approach to ESG 40-77 Governance – Additional statutory disclosure – Operating and financial review 146-147

Financial statements

Financial statements – Note 1 – Our financial performance by segment – Note 5 – Acquisitions and disposals 173 - 175 181 - 182 Rio Tinto Financial Information by Business Unit 286 - 288 Shareholder Information – Organisational structure – Nomenclature and financial data – History – Dual-listed companies structure 347 347 347 347 Additional information – US disclosure – Document on display – Registered offices 357 382 Form 20-F cross-reference guide Annual Report on Form 20-F 2023 | riotinto.com i Item Form 20-F Caption Location in this document Page 4.B – Business overview At a glance 2-3 Chair's statement 4-5 Chief Executive's Q&A 6-7 Creating value by living our purpose 8-9 Our purpose in action 10-11 Our stakeholders 12-13 Strategic context 14-15 Our strategy 16 Progressing our strategy 17 Progressing our four objectives 18-19 Key performance indicators 20-22 Chief Financial Officer's statement 23 Financial review 24-29 Iron Ore 32-33 Aluminium 34-35 Copper 36-37 Minerals 38-39 Our approach to ESG 40-77 Governance – Additional statutory disclosure – Government regulations – Environmental regulations 150 150

Financial statements Note 6 – Revenue by destination and product

Financial statements Note 6 – Revenue by destination and product 182 - 183 Metals and minerals production 297-298 Mineral Resources and Mineral Reserves 299-322 Qualified Persons 323 Mines and production facilities 324-342 Additional information – US disclosure – Disclosure pursuant to Section 13(r) of the Securities Exchange Act of 1934 354 4.C Organisational structure

Financial statements

Financial statements – Note 30 – Principal subsidiaries – Note 31 – Principal joint operations – Note 32 – Principal joint ventures and associates 226 - 228 228 - 229 229 - 231 Shareholder Information – Organisational structure – Dual-listed companies structure 347 347 4.D – Property, plants and equipment Key performance indicators 20-22 Portfolio management 30-31 Iron Ore 32-33 Aluminium 34-35 Copper 36-37 Minerals 38-39 Our approach to ESG 40-77 Governance – Additional statutory disclosure – Environmental regulations – Energy efficiency action 150 150

Financial statements Note 13 – Property, plant and equipment

Financial statements Note 13 – Property, plant and equipment 191 - 195 Metals and minerals production 297-298 Mineral Resources and Mineral Reserves 299-322 Qualified persons 323 Mines and production facilities 324-342 Additional information – US disclosure – Summary disclosure of operations pursuant to Item 1303 of SK-1300 under Securities Act of 1933 363 Additional information – US disclosure – Individual property disclosure pursuant to Item 1304 of SK-1300 under Securities Act of 1933 363-380 Additional information – US disclosure – Internal controls disclosure pursuant to

of SK-1300 under Securities Act of 1933

Item 1305 of SK-1300 under Securities Act of 1933 380 See Exhibit 96.4 – ii Annual Report on Form 20-F 2023 | riotinto.com Item Form 20-F Caption Location in this document Page 4A Unresolved staff comments None – 5 Operating and financial review and prospects 5.A – Operating results Chair's statement 4-5 Financial review 24-29 Iron Ore 32-33 Aluminium 34-35 Copper 36-37 Minerals 38-39 Our approach to ESG 40-77 Governance – Additional statutory disclosure – Operating and financial review – Government regulations – Environmental regulations 146-147 150 150

Financial statements

Financial statements – h. Impact of Climate Change on the Group – Note 24 – Financial instruments and risk management 162 - 165 209 - 214 Rio Tinto Financial Information by Business Unit 286-288 Alternative Performance Measures 289-294 5.B – Liquidity and capital resources Portfolio management 30-31 Copper – Oyu Tolgoi underground project 37

Financial statements

Financial statements – Note 14 – Close-down and restoration provisions – Our capital and liquidity – Note 19 - Net debt – Note 20 – Borrowi ngs – Note 21 – Leases – Note 22 – Cash and cash equivalents – Note 23 – Other financial assets and liabilities – Note 24 – Financial instruments and risk management – Note 28 – Post-retirement benefits – Note 36 – Other provisions – Note 37 – C ontingencies and commitments 196 - 200 204 205 206 - 207 207 - 208 208 209 209 - 214 218 - 224 234 234 - 236 5.C – Research and development, patents and licenses, etc. Our strategy 16 Progressing our strategy 17 Progressing our four objectives 18-19 Our approach to ESG - Environmental performance 44-65 Governance – Additional statutory disclosure – Exploration, research and development 150

Financial statements

Financial statements – Not e 7 – Net operating costs (excluding items disclosed separately) – Note 13 - Property, plant and equipment -Impact of climate change on our business - Useful economic lives of our power generating assets 184 191 - 195 195 5.D – Trend information At a glance 2-3 Chair's statement 4-5 Chief Executive's Q&A 6-7 Creating value by living our purpose 8-9 Our purpose in action 10-11 Our stakeholders 12-13 Strategic context 14-15 Our strategy 16 Progressing our strategy 17 Progressing our four objectives 18-19 Key performance indicators 20-22 Chief Financial Officer's statement 23 Financial review 24-29 Iron Ore 32-33 Aluminium 34-35 Copper 36-37 Minerals 38-39 5.E – Critical accounting estimates Not Applicable – 6 Directors, senior management and employees Annual Report on Form 20-F 2023 | riotinto.com iii Item Form 20-F Caption Location in this document Page 6.A – Directors and senior management Governance – Board of Directors – Executive Committee 92-93 94-95 Additional statutory disclosure – Directors and executives 147 6.B – Compensation Governance – Remuneration at a glance - Policy changes – Remuneration Policy – Implementation report – Implementation report tables 115-117 119-126 127-140 141-145 Financi al statements – Note 26 – Employment costs and provisions – Note 27 – Share-based payments – Note 28 – P ost-retirement benefits 215 216 - 218 218 - 224 6.C – Board practices Governance 90-156 Governance – Board of Directors – Executive Committee – Audit & Risk Committee report – Remuneration Policy – Executives' service contracts and termination – Compliance with governance codes and standards 92-93 94-95 107-110 124-125 152-156 Shareholder information – Directors – Appointment and removal of Directors 352 6.D – Employees Our stakeholders – Workforce 12 Our approach to ESG – T

Financial statements - Note 27 – Share-based payments

Financial statements - Note 27 – Share-based payments 216 - 218 6.F – Disclosure of a registrant's action to recover erroneously awarded compensation Governance – Remuneration policy – Executive remuneration structure - Policy table See Exhibit 96.5 1 20-122 7 Major shareholders and related party transactions 7.A – Major shareholders Shareholder information - Shareownership – Substantial shareholders in Rio Tinto plc – Substantial shareholders in Rio Tinto Limited – Analysis of ordinary shareholders – Twenty largest registered shareholders 349 349 350 350 7.B – Related party transactions Financial review 24-29

Financial statements Note 33 – Related-party transactions

Financial statements Note 33 – Related-party transactions 231 7.C – Interests of experts and counsel Not applicable – iv Annual Report on Form 20-F 2023 | riotinto.com Item Form 20-F Caption Location in this document Page 8 Financial Information 8.A – Consolidated statements and other financial information Financial review – Our shareholder returns policy 29 Additional statutory disclosure - Operating and Financial Review 146-147

Financial statements Note 37 – Contingencies and commitments

Financial statements Note 37 – Contingencies and commitments 234 - 236 See Item 18 – 8.B – Significant changes

Financial statements Note 39 – Events after the balance sheet date

Financial statements Note 39 – Events after the balance sheet date 237 9 The offer and listing 9.A – Offer and listing details Additional statutory disclosure – Operating and financial review 146-147 Shareholder information – Organisational structure – Markets 347 348 9.B – Plan of distribution Not applicable – 9.C – Markets Shareholder information – Markets 348 See Exhibit 2.1 – 9.D – Selling shareholders Not applicable – 9.E – Dilution Not applicable – 9.F – Expenses of the issue Not applicable – 10 Additional information 10.A – Share capital Not applicable – 10.B – Memorandum and articles of association Financial review – Our shareholder returns policy 28 Governance – Compliance with governance codes and standards 152-156 Shareholder information – Dual-listed companies structures – Material contracts – Exchange controls and foreign investment – Directors 347-348 351-352 352 352-353 See Exhibit 2.1 – 10.C – Material contracts

Financial statements – Our capital and liquidity

Financial statements – Our capital and liquidity Shareholder information – Material contracts 351-352 10.D – Exchange controls Shareholder information – Exchange controls and foreign investment 352 10.E – Taxation Additional information – US disclosure – Taxation 354-356 10.F – Dividends and paying agents Not applicable – 10.G – Statement by experts Not applicable – 10.H – Documents on display Additional information – US disclosure – Document on display 357 10.I – Subsidiary information Not applicable – 10.J – Annual report to security holders Additional information – US disclosure – Document on display 357 11 Quantitative and qualitative disclosure about market risk

Risk factors

Risk factors 81-88

Financial statements Note 24 – Financial instruments and risk management

Financial statements Note 24 – Financial instruments and risk management 209 - 214 Cautionary statement about forward-looking statements 383 12

Description of securities other than equity securities

Description of securities other than equity securities 12.A – Debt securities Not applicable – 12.B – Warrants and rights Not applicable – 12.C – Other securities Not applicable – 12.D – American depositary shares Additional information – US disclosure – American Depositary Shares - American depositary receipts (ADRs) 356-357 13 Defaults, dividend arrearages and delinquencies Not applicable – Annual Report on Form 20-F 2023 | riotinto.com v Item Form 20-F Caption Location in this document Page 14 Material modifications to the rights of security holders and use of proceeds Not applicable 15

Controls and Procedures

Controls and Procedures Governance – Additional statutory disclosure – Disclosure controls and procedures – Management's report on internal control over financial reporting 151 151 See Item 18 for the Report of the Independent Registered Public Accounting Firm – 16 [Reserved] Not applicable – 16A Audit committee financial expert Governance – Audit & Risk Committee report – US listing requirements – Compliance with governance codes and standards 107 152-156 16B Code of ethics Our approach to ESG – Governance performance 76-77 16C Principal accountant fees and services Governance – Audit & Risk Committee report – External auditors 109-110

Financial statements – Note 38 – Auditors' remuneration

Financial statements – Note 38 – Auditors' remuneration 237 16D Exemptions from the listing standards for audit committees Not applicable – 16E Purchase of equity securities by the issuer and affiliated purchasers Governance – Additional statutory disclosure – Purchases 149

Financial statements – Note 34 – Share capital

Financial statements – Note 34 – Share capital 232 16F Change in registrant's certifying accountant Not applicable – 16G Corporate Governance Governance – Compliance with governance codes and standards 152-156 16H Mine safety disclosure See Exhibit 16.1 – 16I Disclosure regarding foreign jurisdictions that prevent inspections Not applicable – 16J Insider trading policies Not applicable – 16K Cybersecurity Our approach to risk management 79-80

Risk factors

Risk factors – Preventing material business disruption and data breaches due to cyber events Additional information – US disclosure – Cybersecurity 358-362 17

Financial statements

Financial statements Not applicable – 18

Financial statements

Financial statements About Rio Tinto 158 About the presentation of our financial statements 158 - 167 Group Income Statement 168 Group Statement of Comprehensive Income 169 Group Cash Flow Statement 170 Group Balance Sheet 171 Group Statement of Changes in Equity 172

Financial statements

Financial statements – Notes 1 to 40 173 - 237 Report of Independent Registered Public Accounting Firms 267-269 19 Exhibits See Exhibit List at the end of this document Other information contained within Rio Tinto's Annual Report on Form 20-F 2023 (Form 20-F) is not included in this Form 20-F unless specifically identified above and is furnished to the SEC for information only. vi Annual Report on Form 20-F 2023 | riotinto.com Contents Strategic report 2023 year in review 1 At a glance 2 Chair's statement 4 From the Chief Executive 6 Creating value by living our purpose 8 Finding better ways TM in 2023 10 Our stakeholders 12 Strategic context 14 Our strategy 16 Progressing our strategy 17 Progressing our four objectives 18 Key performance indicators 20 Chief Financial Officer's statement 23 Financial review 24 Portfolio management 30 Iron Ore 32 Aluminium 34 Copper 36 Minerals 38 Our approach to ESG 40 Environmental performance 44 Social performance 66 Governance performance 76 Our approach to risk 78 Our approach to risk management 79

Risk factors

Risk factors 81 Five-year review 89 Directors' report Governance 90 Chair's introduction 91 Board of Directors 92 Executive Committee 94 Our stakeholders - Section 172(1) statement 96 How the Board monitors culture 101 Board activities in 2023 102 Governance framework 103 Evaluating our performance 104 Nominations Committee report 105 Audit & Risk Committee report 107 Sustainability Committee report 111 Remuneration report Annual statement by the People & Remuneration Committee Chair 113 Remuneration Policy 119 Implementation report 127 Additional statutory disclosure 146 Compliance with governance codes and standards 152

Financial statements

Financial statements About Rio Tinto 158 About the presentation of our financial results 158 Group primary statements 168 Notes to the 2023 financial statements 173 Other information Report of independent registered public accounting firms 267 Financial information by business unit 286 Alternative Performance Measures 289 Production, Reserves, Resources and Operations Metals and minerals production 297 Mineral Resources and Mineral Reserves 299 Qualified Persons 323 Mines and production facilities 324 Additional information Independent limited assurance report 344 Shareholder information 347 US disclosure 354 Contact details 382 Cautionary statement about forward-looking statements 383 References to information on websites in the Form 20-F are included as an aid to their location and such information is not incorporated in, and does not form part of, this Form 20-F. We have included any website as an inactive textual reference only. References to KPMG's limited assurance report related to sustainability are not incorporated in, and do not form part of, this Form 20-F . Our operations are located on land and waters that have belonged to Indigenous Peoples for thousands of years. We respect their ongoing deep connection to, and their vast knowledge of, the land, water and environment. We pay respects to Elders, both past and present, and acknowledge the important role Indigenous Peoples play within our business and the communities where we live and work. Cover | The BlueSmelting project in Sorel-Tracy, Canada. BlueSmelting involves a completely new ilmenite reduction technology that could generate 95% less greenhouse gas emissions than the current reduction process, enabling the production of titanium dioxide, steel and metal powders with a significantly lower-carbon footprint. 2023 year in review We are finding better ways TM to provide the materials the world needs. In 2023,

View Full Filing

View this 20-F filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.