Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 420

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 420
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54,586 |   50,634 |                                         |                 |                 |
| Total employees                                                                         |                    |                                                     |          |          |                                      |                     |          |                                  59,594 |          57,174 |          53,726 |

| Annual Report on Form 20-F 2024 | 268 | riotinto.com |

Financial statements | Additional financial information Business units are classified according to the Group’s management structure. Our management structure is based on product groups together with global support functions whose leaders make up the Executive Committee. The Executive Committee members each report directly to our Chief Executive who is the chief operating decision maker and is responsible for allocating resources and assessing performance of the operating segments. Finance costs and net debt are managed on a Group-wide basis and are therefore excluded from the segmental results. The disclosures in this note include certain alternative performance measures (non-IFRS measures). For more information on the non- IFRS measures used by the Group, including definitions and calculations, refer to section entitled alternative performance measures (pages 269 to 273 ) . (a) Segmental revenue, Underlying EBITDA and Capital expenditure are defined and calculated in note 1 from pages 167 to 168 . Underlying earnings is defined and calculated within the Alternative performance measures section on page 270 . (b) Pilbara represents the Group’s 100% holding in Hamersley, 50% holding in Hope Downs Joint Venture, 54% holding in Western Range Joint Venture and 65% holding in Robe River Iron Associates. The Group’s net beneficial interest in Robe River Iron Associates is 53% , as 30% is held through a 60% owned subsidiary and 35% is held through a 100% owned subsidiary. (c) Segmental revenue, Underlying EBITDA, Underlying earnings and Operating assets within Evaluation projects/other include activities relating to the shipment and blending of Pilbara and Iron Ore Company of Canada (IOC) iron ore inventories held portside in China and sold to domestic customers. Transactions between Pilbara and our portside trading business are eliminated through the Iron Ore “intra-segment” line and transactions between IOC and the portside trading business are eliminated through “inter- segment transactions”. (d) Bauxite represents the Group’s 100% interest in Gove and Weipa, 22% interest in Porto Trombetas and 22.9% interest in Sangarédi. (e) Alumina represents