XML 444 R61.htm IDEA: XBRL DOCUMENT v3.25.0.1
Revenue by destination and product (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue [abstract]  
Consolidated sales revenue by destination and non-current assets other than excluded items Consolidated sales revenue by destination(a)
2024
%
2023
%
2022
%
2024
US$m
2023
US$m
2022
US$m
Greater China
57.4
59.6
54.3
30,814
32,193
30,172
US
16.8
13.9
15.9
9,007
7,516
8,823
Asia (excluding Greater China and Japan)
6.9
7.2
7.1
3,718
3,881
3,937
Japan
6.5
6.9
7.4
3,470
3,727
4,091
Europe (excluding UK)
4.8
5.3
6.5
2,580
2,859
3,618
Canada
2.9
2.9
3.1
1,562
1,588
1,743
Australia
2.0
1.7
1.9
1,076
923
1,047
UK
0.3
0.1
0.3
143
81
182
Other countries
2.4
2.4
3.5
1,288
1,273
1,941
Consolidated sales revenue
100
100
100
53,658
54,041
55,554
(a)Consolidated sales revenue by geographical destination is based on the ultimate country of the product's destination, if known. Where the ultimate destination is not known, we have
defaulted to the shipping address of the customer. Rio Tinto is domiciled in both the UK and Australia.
The total of non-current assets other than excluded items is shown by location below(a).
2024
US$m
2023
US$m
Australia
29,177
31,419
Canada
14,444
15,362
Mongolia
15,244
14,172
US
7,111
7,171
Africa
5,597
3,412
South America
3,704
3,624
Europe (excluding UK)
216
165
UK
109
132
Other countries
1,739
1,254
Total non-current assets other than excluded items
77,341
76,711
Non-current assets excluded from analysis above:
Deferred tax assets
4,016
3,624
Other financial assets
1,090
481
Quasi-equity loans to equity accounted units(a)
5
14
Receivables and other assets
1,214
1,209
Total non-current assets per balance sheet
83,666
82,039
(a)Allocation of non-current assets by country is based on the location of the business units holding the assets. It includes investments in equity accounted units totalling US$4,832 million
(2023: US$4,393 million) which represents the Group’s share of net assets excluding quasi-equity loans shown separately above.
Consolidated sales revenue by product We have sold the following products to external customers during the year:
2024
2023
2022
Revenue from
contracts with
customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Revenue from
contracts with
customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Revenue from
contracts with
customers
US$m
Other
revenue(a)
US$m
Consolidated
sales revenue
US$m
Iron ore
31,334
(530)
30,804
33,383
389
33,772
33,068
(267)
32,801
Aluminium, alumina and bauxite
12,947
48
12,995
12,039
(63)
11,976
13,955
(165)
13,790
Copper
4,791
(63)
4,728
3,219
(1)
3,218
3,276
(80)
3,196
Industrial minerals (comprising titanium
dioxide slag, borates and salt)
2,678
(3)
2,675
2,806
(8)
2,798
2,685
(16)
2,669
Gold
788
9
797
470
6
476
564
9
573
Diamonds
279
–
279
444
–
444
816
–
816
Other products and freight services(b)
1,385
(5)
1,380
1,360
(3)
1,357
1,710
(1)
1,709
Consolidated sales revenue
54,202
(544)
53,658
53,721
320
54,041
56,074
(520)
55,554
(a)Consolidated sales revenue includes both revenue from contracts with customers, accounted for under IFRS 15 “Revenue from Contracts with Customers”, and subsequent movements in
provisionally priced receivables, accounted for under IFRS 9, and included in “Other revenue” above.
(b)“Other products and freight services” includes metallic co-products, molybdenum, silver and other commodities.