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Rio on better terms

RIO Tinto has reduced its payment terms for Australian suppliers it is spending less than $1 million with to 30 days, which will help improve cash flow for the small businesses.

Karma Barndon
Rio Tinto operations on the Burrup Peninsula in the Pilbara, WA.

Rio Tinto operations on the Burrup Peninsula in the Pilbara, WA.

Under the terms suppliers will get paid 30 days from the receipt of a correct invoice, replacing the current standard terms of 45 days from the end of month after a correct invoice has been received. ...

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