This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

L&L Signs New Coal Sales Agreement With Datang Power For 360,000 Tons

SEATTLE, Oct. 18, 2012 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or "Company"), a Seattle-based company with a five-year track record of profitable coal operations in China, is pleased to announce today it has signed an updated contract to sell 360,000 tons of coal to Datang International Power Co. ("Datang"). Datang is one of China's largest power generators. 

On October 15, 2012, L&L entered into a contract with Datang to increase its coal supplied to 360,000 tons through September 2013. The contract is timed for the higher demand over the winter season and firming of coal prices in the region. L&L will begin shipments this month, ramping up to a targeted 37,000 tons per month in early 2013. L&L satisfied Datang's stringent vendor qualification process and delivered a trial shipment in June. The updated contract is a realization of the company's consolidation and distribution strategy, with emphasis on building business relationships with major coal players in China. Datang also noted L&L's strong logistics network, particularly its access to limited railroad capacity in the region which helps ensure timely deliveries to the Company's customers.  

L&L's Chairman and CEO Dickson Lee commented, "I am pleased with this new contract, which is another step in cementing our relationship with Datang. We look forward to supplying more coal to Datang beyond this contract."

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.

Contacts:  L&L Energy, Inc.(206) 264-8065   ir@llenergyinc.com

SOURCE L&L Energy, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs