Rio Tinto CEO didn't see coal price going up, but expects it to fall

By James Regan SYDNEY (Reuters) - Rio Tinto Chief Executive Jean-Sébastien Jacques on Wednesday admitted he didn't see the recent meteoric rise in coal prices coming. Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of pollution by restructuring its state-owned coal industry was behind a tripling of coal prices since January. "I can tell you, we have been surprised by what the Chinese government did on th