Operations and financial performance
Pictured: Hunter Valley Operations.
Our approach
Coal & Allied is committed to delivering financial strength to Rio Tinto, our investors and the communities neighbouring our operations.
Coal & Allied reported a net profit after tax of $367 million, excluding gains from divestments, which represented a decline from the $586 million reported in 2009. The major influence here was the strength of the Australian Dollar, as Asia rebounded from the global financial crisis and the currencies of commodity rich countries appreciated strongly, more than offsetting increases in coal prices. Visit our investor centre.
Through our operations, we make a significant direct and indirect contribution to the local, regional and national economy through:
- Export revenue
- Purchasing goods and services from suppliers
- Paying salaries and benefits
- Paying rates, royalties and other taxes to governments, which are used for the provision of services and infrastructure
- Community investments.
2010 economic contribution
We do business with 2500 suppliers in New South Wales.
New South Wales economic summary
| Contribution | Local | Regional | National | International | Total |
|---|---|---|---|---|---|
| Payments to suppliers (A$ million)* | 480 | 321 | 119 | 45 | 965 |
| Salaries and benefits (A$ million) | 333 | 13 | 0 | 0 | 346 |
| Taxes and royalties paid to governments (A$ million) | 4 | 224 | 284 | 0 | 512 |
| Total | 817 | 558 | 403 | 45 | 1823 |
Note: data provided for 100 per cent of managed operations.
* Breakdown by local, regional, national and international is an estimate only.