Last night, thermal coal producer Arch Coal lowered their full year 2010 guidance due to lower than expected production volumes. They also cited the closure of a mine extending out into Q1-2011 due to "longwall" issues . . . Seems to be impacting the group a bit today after the huge run since Labor Day, even though CLF is surging +$2.75 on their nearly $5 billion (cdl) acquisition of Consolidated Thompson Iron Mines. As a result, Deutsche Bank raises their target for CLF to $115 from $95. CEO of CLF says that we are still in the early stages of the iron ore story. Says current pricing will hold all the way through 2011.