Original article by Amanda Saunders
The Australian Financial Review – Page: 13 : 11-May-15

The price of thermal coal has fallen to around $US63 per tonne, compared with $US150 in 2011. Rio Tinto executive Jean-Sebastien Jacques is bearish about the outlook for thermal coal, forecasting that the price may not recover for 3-4 years. The head of the group’s coal division says his main aim at present is to ensure that all of Rio’s coal mines continue to be cash-flow positive. He has downplayed suggestions that Rio could exit the coal business, but says any asset would be for sale at the right price.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP