Steel making coal is not the dirty word in capital markets it was a few years ago, but you wouldn’t know it by looking at the major miners’ portfolios.The miners still can’t get out of steel making coal quickly enough. They don’t care that coal is Australia’s second-biggest export and bond and equity markets have moved on, they just want out or to reduce their holdings and have been replaced by a mix of Indonesian family money and ASX-listed specialists. More than $US10 billion ($14 billion) of Australian coal mines have changed hands in the past five years.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles