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RIO TINTO LTD

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Feb 20, 2025

RIO$83.73+0.7%Stored close · as of Nov 6, 2026
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Capital commitments

Our capital commitments include:

–open purchase orders for managed operations and non-managed tolling entities

–expenditure on major projects already authorised by our Investment Committee for non-managed operations.

On a legally enforceable basis, capital commitments excluding the Group’s share of joint ventures would be approximately US$1,872 million

(2023: US$1,400 million) as many of the contracts relating to the Group’s projects have various cancellation clauses.

The capital commitments for Simandou are shown on a 100% basis for the SimFer mine and the SimFer scope of infrastructure as managed

operations. The SimFer investment in WCS Rail and Port is classified as a joint venture capital commitment and is shown inclusive of the

funding due from non-controlling interests.

2024 US$m2023US$m
Capital commitments excluding the Group's share of joint venture capital commitments
Within 1 year4,5593,662
Between 1 and 3 years602597
Between 3 and 5 years31327
After 5 years8299
Total5,5564,385
Group's share of joint venture capital commitments
Within 1 year1,280128
Between 1 and 3 years27199
Total1,551227

Impact of climate change on our business - decarbonisation capital commitmentsCapital commitments do not include the estimated incremental capital expenditure relating to decarbonisation projects of US$5 billion to US$6 billion between 2022 and 2030 unless otherwise contractually committed. Included in capital commitments at 31 December 2024 are contractually committed decarbonisation capital commitments of US$114 million (2023: US$123 million), inclusive of the Amrun power purchase agreement, which is a treated as a lease, which has not yet commenced (disclosed in note 21).

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.