Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 185

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 185
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 the resources sector. Risk oversight: Risk Management Committee, Board

| For more informationon our culture change journey, see pages78-80. |

Remaining competitive through economic cycles or shocks by maintaining strong financial and operating performance, underpinned by a healthy inventory of high-quality reserves Our business model depends on our ability to convert existing Mineral Resources to Mineral Reserves available for mining when required. The viability of our orebodies, and business, is most sensitive to the complexity of our orebodies and associated orebody knowledge base, combined with commodity economics which are greatly influenced by macroeconomic and geopolitical developments. We aim to remain competitive, preserve resilience and maintain access to funding by having cost-competitive assets, a diversified commodities portfolio, a strong balance sheet, prudent financial policies and strong ESG credentials.

| l | Best Operator | Change vs 2023: Stable |

Risks (threats) A deteriorating economic or political environment could lead to falling commodity prices (reduced cash flow, limiting profitability), trade actions (increased tariffs, retaliations, and sanctions), and governments’ efforts to exert more control over their natural resources or to protect their domestic economies by changing contractual, regulatory or tax measures. This can potentially impact our key markets, operations, investments, tax obligations, financial results and access to funding. Input cost inflation and escalation could increase pressure on operating costs and margins. Orebody health remains challenged with Mineral Reserve depletion driven by expanded production and ongoing resource development challenges. Failure to secure access and approvals could limit collection of required orebody knowledge that may reduce the volume of existing Mineral Reserves and the future conversion of Mineral Resources to Mineral Reserves in the required timeframe. Risk oversight: Financial Risk Management Committee, Ore Reserves Steering Committee, Risk Management Committee, Audit & Risk Committee

| Annual Report on Form 20-F 2024 | 94 | riotinto.com |

Strategic report | Our approach to risk management

Preventing material business disruption and data breaches due to cyber events Managing cyber security events allows us to avoid disruption to our operations, comply with data privacy requirements and keep sensitive information related to customers, contractors or suppliers safe

| l | Best Operator | Change vs 2023: Stable |

Risks (threats) Cyber incidents can occur due to malicious external or internal attacks, but also inadvertently through human error. Although the extent and frequency of cyber security threats remain in line with growth expectations, the external threat landscape continues to evolve at a rapid pace. The rise of digitisation has driven greater convergence and connectivity between