"Stronger copper, lead and coking coal prices offset slight declines in other base metals" This statement is simply false. Spot market coking coal price has fallen from $225/t 3 months ago to $165/t now. Teck is feeling the pain; 60% of their business is coal. Come to our coal valley and see the impact this is having - it is immediate and pronounced. Temporary shutdowns have already started and layoffs are in the immediate future- all because of the drop in the price of coal.