Industry ranking
Score of 87.45/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 22 Jan 2026 | 30 | 92% | 5% | 3% | 11% |
| 01 Jan 2025 - 30 Jun 2025 | 18 Jul 2025 | 30 | 89% | 7% | 4% | 13% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 30 | 87% | 9% | 4% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 37 | 77% | 13% | 10% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 16 Jan 2024 | 31 | 84% | 10% | 6% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 33 | 83% | 11% | 6% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 33 | 86% | 8% | 6% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 32 | 85% | 10% | 5% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 32 | 86% | 8% | 6% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 33 | 58% | 37% | 5% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 39 | 47% | 48% | 5% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 41 | 45% | 48% | 7% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 37 | 51% | 42% | 7% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 38 | 51% | 44% | 5% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 36 | 73% | 21% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 37 | 67% | 21% | 12% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Rio Tinto has in place standard payment terms of “Within 30 days Due net” from receipt of a valid invoice for external suppliers who supply Rio Tinto’s businesses in the UK. Rio Tinto has differing payment terms in other jurisdictions and for other circumstances. Intercompany payments are assigned individual terms.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
75
Any disputes relating to payment are initially directed to the Accounts Payable Service desk for resolution. Typical response time of the Accounts Payable Service Desk is within 48 hours. Where the dispute cannot be resolved by the Accounts Payable Service Desk, the concern can be escalated through to the Sourcing Category Owner for assistance in resolution. The Accounts Payable Service Desk & invoice submission contact details are found on the Purchase Order distributed to the supplier.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Rio Tinto London Limited is a UK registered entity, incorporated in 1948, classified under head office activities. Companies House records show it as part of the wider Rio Tinto group, a global mining and metals business. Group material describes the business as finding, mining and processing the earth's mineral resources, with core products including iron ore, copper, aluminium and lithium supplied to help build infrastructure and support decarbonisation. Operations span numerous countries, with mines and processing sites across Africa, Asia and Australasia. This London entity itself functions as a head office within that structure rather than as an operating mine, reflecting its role in the group's UK corporate presence.
Generated from the company's website and Companies House records. Sources: riotinto.com · riotinto.com