ENVIRONMENT

Rio Tinto abandons controversial payment scheme

A CONTROVERSIAL scheme that let Rio Tinto suppliers take discounts on their invoices to get them paid faster has been dropped.

Rio Tinto has withdrawn a controversial supplier payment scheme.

Rio Tinto has withdrawn a controversial supplier payment scheme.

The Australian Competition and Consumer Commission is looking into such payment approaches. According to Rio Tinto the dynamic discounting process - an option of the Taulia invoicing system it uses...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.