mokita, you really should make up your mind. In your first post you say that Peabody's profit's are down. Then you say they are losing money. Which is it. There is a difference. Since it is their report that says profits are down, I expect this is the case, but that didn't sensationalize your post, so you changed the facts to suit yourself. The fact that coal exports and prices are down would cause profits to drop. This is expected to change by first quarter of 2014, at stated in your first post. Teck has stated that China is projecting a good growth pattern in the coming year, and has planned major projects. If Raven were to get approval, they would get production going after the present slow down. Good timing. You really should read what you write.