Supply Side Shock in the Making, page-72

I agree on the shareholder militancy by many groups like ISF and others.
My thought for the coal industry would be to follow what Japanese companies did following WW2. They formed what we know as "Keiretsu". keiretsu (Japanese: 系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings. "Wikipedia"
Imagine a formation like an artist's colour wheel . each colour in the outer circle would be a coal miner. the centre core would be a "holding entity".
Each outer company would own a percentage of the holding company in proportion to the outer company market capitalisation.
Then each outer company would buy / share swap equity in each of the other outer companies. To such an extent that the Coal Miners' Keiretsu would control 20 to 25 % of the shares of each interlocking member.
Because Australian Banks and Investment Banks / Brokers are scared of militant groups to fund coal mining, the "Holding Entity" has to take over that role. It becomes the Banker. This Banker would look like the former Australian Resources Development Bank Limited. "ARDB". ARDB was owned equally by the 4 major Australian Trading Banks. It use fell away after deregulation.
When you think on this issue , you might think , the Keiretsu structure is not unlike the SOL.ASX interlocking businesses !
I suggest that a coal miners' keiretsu would effectively counter Militancy and also curtail short sellers.
As Mitsubishi was want to say "Please Consider'!