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Share-based payments (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
Charge has been recognised in income statement for Rio Tinto's share-based incentive plans, and the related liability (for cash-settled plans) | The charge that has been recognised in the income statement for Rio Tinto’s share-based incentive plans, and the related liability (for cash- settled awards), is set out in the table below.
| Charge recognised for the year | Liability at the end of the year
| 2024 US$m | 2023 US$m | 2022 US$m | 2024 US$m | 2023 US$m
Equity-settled awards | 170 | 140 | 117 | – | –
Cash-settled awards | 2 | 4 | 5 | 5 | 6
Total | 172 | 144 | 122 | 5 | 6
Summary of non-vested and vested shares | Performance Share Awards (granted under either the Performance Share Plans or the Equity Incentive Plans)
| Rio Tinto plc awards | Rio Tinto Limited awards
| 2024 number | Weighted average fair value at grant date 2024 £ | 2023 number | Weighted average fair value at grant date 2023 £ | 2024 number | Weighted average fair value at grant date 2024 A$ | 2023 number | Weighted average fair value at grant date 2023 A$
Unvested awards at 1 January | 2,596,811 | 24.34 | 2,903,449 | 24.36 | 1,011,192 | 54.74 | 1,040,240 | 52.51
Awarded | 1,077,110 | 28.22 | 562,747 | 28.40 | 579,982 | 67.34 | 287,714 | 61.66
Forfeited | (77,417) | 27.33 | (166,376) | 27.94 | (35,737) | 60.05 | (28,789) | 51.91
Failed performance conditions | (38,101) | 24.68 | – | – | (11,058) | 54.55 | – | –
Vested | (801,809) | 24.52 | (703,009) | 26.84 | (175,600) | 54.55 | (287,973) | 53.88
Unvested awards at 31 December | 2,756,594 | 25.71 | 2,596,811 | 24.34 | 1,368,779 | 59.97 | 1,011,192 | 54.74
| Rio Tinto plc awards | Rio Tinto Limited awards
| 2024 number | Weighted average share price at vesting 2024 £ | 2023 number | Weighted average share price at vesting 2023 £ | 2024 number | Weighted average share price at vesting 2024 A$ | 2023 number | Weighted average share price at vesting 2023 A$
Vested awards settled in shares during the year (including dividend shares applied on vesting) | 924,836 | 51.12 | 767,439 | 59.21 | 143,996 | 124.24 | 238,405 | 122.58
Vested awards settled in cash during the year (including dividend shares applied on vesting) | 111,446 | 51.70 | 181,492 | 58.36 | 83,388 | 124.36 | 140,690 | 123.40
Management Share Awards, Bonus Deferral Awards (granted under the Equity Incentive Plans), Global Employee Share Plans and UK Share Plan (combined)
| Rio Tinto plc awards(a) | Rio Tinto Limited awards
| 2024 number | Weighted average fair value at grant date 2024 £ | 2023 number | Weighted average fair value at grant date 2023 £ | 2024 number | Weighted average fair value at grant date 2024 A$ | 2023 number | Weighted average fair value at grant date 2023 A$
Unvested awards at 1 January(b) | 2,810,128 | 50.36 | 2,585,679 | 47.22 | 2,580,993 | 103.11 | 2,340,705 | 95.27
Awarded | 1,360,676 | 46.54 | 1,298,578 | 49.59 | 1,189,754 | 110.96 | 1,159,498 | 107.86
Forfeited | (115,973) | 47.67 | (113,473) | 57.02 | (152,069) | 106.75 | (144,531) | 102.40
Cancelled | (94,111) | 44.97 | (71,160) | 46.21 | (70,514) | 98.85 | (61,993) | 93.15
Vested | (909,986) | 52.00 | (889,496) | 39.59 | (767,686) | 105.79 | (712,686) | 86.09
Unvested awards at 31 December(b) | 3,050,734 | 48.43 | 2,810,128 | 50.36 | 2,780,478 | 105.64 | 2,580,993 | 103.11
Comprising: |  |  |  |  |  |  |  |
–Management Share Awards | 1,337,860 | 52.10 | 1,321,207 | 54.05 | 1,228,291 | 115.71 | 1,211,757 | 113.03
–Bonus Deferral Awards | 74,844 | 50.75 | 102,388 | 55.64 | 39,652 | 117.82 | 56,597 | 113.90
–Global Employee Share Plan | 1,593,851 | 45.11 | 1,350,559 | 46.22 | 1,512,535 | 97.14 | 1,312,639 | 93.50
–UK Share Plan | 44,179 | 53.25 | 35,974 | 54.68 | – | – | – | –
Unvested awards at 31 December(b) | 3,050,734 | 48.43 | 2,810,128 | 50.36 | 2,780,478 | 105.64 | 2,580,993 | 103.11
(a)Awards of Rio Tinto American Depositary Receipts (ADRs) under the Global Employee Share Plan are included within the totals for Rio Tinto plc awards for the purpose of these tables. (b)These numbers are presented and calculated in accordance with IFRS 2 and represent awards for which an IFRS 2 charge continues to be accrued for.
| Rio Tinto plc awards(a) | Rio Tinto Limited awards
| 2024 number | Weighted average share price at vesting 2024 £ | 2023 number | Weighted average share price at vesting 2023 £ | 2024 number | Weighted average share price at vesting 2024 A$ | 2023 number | Weighted average share price at vesting 2023 A$
Vested awards settled in shares during the year (including dividend shares applied on vesting): |  |  |  |  |  |  |  |
–Management Share Awards | 569,907 | 51.97 | 537,748 | 57.86 | 458,429 | 123.92 | 476,813 | 121.87
–Bonus Deferral Awards | 90,422 | 50.18 | 87,475 | 55.43 | 44,477 | 119.53 | 23,569 | 123.91
–Global Employee Share Plan | 431,973 | 51.59 | 493,187 | 55.05 | 401,915 | 120.73 | 374,232 | 118.12
–UK Share Plan | 7,403 | 51.56 | 6,791 | 53.28 | – | – | – | –
Vested awards settled in cash during the year (including dividend shares applied on vesting): |  |  |  |  |  |  |  |
–Bonus Deferral Awards | – | – | – | – | – | – | – | –
(a)Awards of Rio Tinto American Depositary Receipts (ADRs) under the Global Employee Share Plan are included within the totals for Rio Tinto plc awards for the purpose of these tables.

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