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AAP
AAP
Business
Prashant Mehra

Iron ore jacks up Rio Tinto's tax bill

Rio Tinto's gains in 2021 came despite the ongoing challenges of the COVID-19 pandemic. (AAP)

Rio Tinto has declared a 58 per cent jump in its tax and royalty payments in 2021, underlining the gains reaped by global miners from a spike in iron ore prices.

Rio Tinto, the world's second-largest iron ore producer, last year paid $US13.3 billion ($A17.5 billion) in taxes and royalties across the countries it operates in, compared with $US8.4 billion in 2020.

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