Rio says coal slump to last at least five years

Original article by Amanda Saunders
The Australian Financial Review – Page: 15 : 27-Nov-15

There is unlikely to be a rebound in the price of thermal and metallurgical coal for some time, according to Rio Tinto’s Jean-Sebastien Jacques. The head of the group’s coal and copper division remains upbeat about the long-term outlook for coal, arguing that it will be a source of power generation for many years. Jacques expects the copper price to improve within 2-3 years, but he does not anticipate an upturn in the thermal coal price for 5-7 years.

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