SEATTLE, April 2, 2012 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: LLEN) ("L&L"), a U.S.-based company since 1995 with coal mining and distribution businesses in China, today provided an update on its Weishe coal mine ("Weishe"), located in Guizhou Province.
After successfully completing a government inspection, which took place over the first few weeks of its test production, the recently acquired Weishe mine received regulatory formal approval to begin initial coal production. During the inspection, regulators tested Weishe's construction, air ventilation, safety equipment and coal extraction practices to ensure the newly constructed mine met various new safety standards. The inspection is the first of a series of tests over the next five months to gain final approval.
Dickson Lee, Chairman & CEO of L&L, stated, "The construction and testing of the mine has gone smoothly. Weishe's timely completion of the initial inspection is a testament to the excellent planning, hard work and dedication of our staff. On behalf of L&L, I thank them for the excellent work."
L&L also announced that it has appointed Zhi Xie as its Senior Sales Director in Guizhou Province, who will expand L&L's coal sales and marketing efforts at Weishe and throughout L&L's various wholesale outfits. Mr. Xie has 25 years of institutional coal sales experience. He was Assistant General Manager at AVIC International Coal Logistics Co. Prior to that, Mr. Xie worked as Coal Transportation Manager for the Guizhou Railroad Holdings Co., where he was responsible for 30 million tons of coal sales per year.L&L also appointed two U.S.-trained bilingual financial managers to the Guizhou Operations. Mr. Hubert Chen, an MBA in Finance, previously worked at L&L's Seattle office. Mr. Lin Po, an MBA in Accounting and Operations, previously worked at Shanghai for a major US company. Both graduated from the Thunderbird School of Global Management in Arizona. Forward Looking Statements The statements contained words that are not historical fact, including statements related to Company's future performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and that involve a number uncertainties. Actual results of the future events described in this document could differ materially. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.