Attached files
file | filename |
---|---|
8-K - CURRENT EVENT - L & L ENERGY, INC. | kdatangincrease51513.htm |
L&L
to Provide One Million Tons Of Coal To Datang Power
SEATTLE, May 15, 2013 /PRNewswire/ -- L & L Energy, Inc., (Nasdaq: LLEN)
("L&L" or the "Company"), a Seattle-based company with
a track record of profitable coal operations in China, announced today that it
has signed an agreement to provide
one million tons of coal to a Datang International Power Co.
("Datang") power plant.
In October of 2012, L&L signed a contract to provide 360,000 tons of coal
to Datang's Heshan Power Plant in Guangixi over a 10 month period. Today, subsidiaries
of L&L and Datang executed an updated contract to increase L&L's coal
supply to one million tons a
year. L&L began shipments to Datang under the original contract in January
2013. The increase of coal to Datang's
Heshan Power Plant is an endorsement that important customers like Datang are
satisfied with L&L's service and quality
of coal.
In connection, earlier last year L&L secured its first coal processing
facility at ShinPingBa rail station, Guizhou. In preparing for extended coal sales to Datang, L&L
recently completed a new coal processing center at Zhazuo Rail Station,
Guizhou. These facilities enable
L&L to secure additional coal with coal blending and loading capability for
further expansion.
L&L Chairman and CEO, Dickson Lee, commented, "Wholesaling coal to
customers like the Datang, one of China's largest power generators, is an important
driver to our growth. We look forward to further expanding our distribution
network for additional revenue
and bottom line growth."
Forward Looking Statements
The statements containing words that are not historical fact, including
statements related to the 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.
Contact:
L & L Energy, Inc.
(206) 264-8065
ir@llenergyinc.com