The People’s Bank of China has committed nearly $15 billion in new lending to boost coal production to run the country’s coal-fired power plants, and the central government is urging the regions to sign long-term contracts with domestic coal producers rather than relying on imported coal from Australia and the United States.
Chinese policy has played a major role in the improving fortunes of U.S.-based coal companies. Four major U.S. coal miners have seen their share prices rise by 114% to 242% over the course of the past 12 months. Total shareholder returns have risen by 129% to 273% over the same period.
Find out more about these four coal mining stocks here.
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