Original article by Amanda Saunders
The Australian Financial Review – Page: 59-60 : 24-Mar-16

Expectations of a looming global undersupply of copper has prompted renewed interest in the red metal among the world’s biggest mining companies. Jean-Sebastien Jacques, the head of Rio Tinto’s copper division and the group’s incoming CEO, forecasts that global copper supply will go into deficit in 2018-19. He says Rio would consider buying any so-called tier one copper assets that are put on the market, but notes that even tier two and tier three copper assets are expensive now.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, ANTOFAGASTA PLC, SUMITOMO CORPORATION, INTERNATIONAL COPPER STUDY GROUP