A "once in a generation" turnover of the Australian coal sector has further to run, according to one of the driving forces behind two recent acquisitions, Taurus Funds Management.

Fresh from finalising the purchase of Anglo American's Foxleigh coking coal mine, Taurus principal Gordon Galt said the firm was bullish about the long-term outlook for coking coal and the prospects of the new breed of small companies that have acquired mines during the recent cyclical low.