Rio Tinto Group (ASX:RIO) raised its spending with Australian suppliers by 9.9% year on year to AU$17.7 billion in 2024, according to a Friday statement from the mining giant.
This involved more than 6,000 suppliers across the country. Over AU$926 million was spent with 182 indigenous businesses, an increase of 27% since 2023, Rio Tinto said.
Spending with local Australian suppliers rose nearly 15% to AU$1.3 billion.
The mining giant's shares were down nearly 3% in recent Friday trade.
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