Acland Mine Approval, page-98

I don't agree with his '30 year' comment but this is otherwise interesting, and from the 'lively' blog this morning':

(as always, DYOR and remember every stock, and every coal mining stock, differs):

High yielding miners: Coal continues to look attractive

James Marlay: That category of stocks that have fallen or had a share price fall over the past 12 months definitely populated that list of high yield stocks when I looked at it. The other category was filled with miners and energy-producing companies, which are a bit of an anomaly when you think about high yielding stocks. How should we be thinking about those stocks, because they have been a great source of income and have surprised a lot of investors over the past 12 months?

Peter Gardner: I mean it obviously depends on which stock you're talking about. We're fans at the moment of the coal miners, even though they're sitting on very high yields and the coal price has come back a fair amount, we still think that the short to medium-term dynamics for coal are pretty good. Obviously, in 30 years' time, there's probably not going to be any coal produced, or we hope for the environment that there won't be any - at least that's not being captured in terms of carbon capture. But for the short to medium term, we think the coal price is strong right now, so the prospects are pretty good.