recovering nicely, page-13

Coking coal prices are not falling. Everything I see says they will stay high next year and possibly the one after that too. Basically, there's a structural deficit which can't be removed overnight.

You might note that Teck Cominco just raised nearly $10bn of debt in order to buy Fording Coal, Canada's biggest coking coal producer. This is when there is supposed to be no credit about ...

http://www.reuters.com/article/bondsNews/idUSBNG23597520080930