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News Breaks | | | | October 22, 2012 | | 06:06 EDT |  | LLEN | L&L Energy to finalize acquisition of 2 new mines, expanding coal production
L & L Energy announces that it expects to finalize the acquisition of two new mines, the LuoZhou Mine and LaShu Mine, in the next 30 days. Both LuoZhou and LaShu are newly constructed mines located in HeZhang County, Guizhou Province China, near L&L's Weishe Mine. The two mines produce low sulfur, high BTU, anthracite coal with approximately 34.2M tons of combined coal reserves. LuoZhou has 27M tons of reserves and in accordance with the newly adopted mining standards set by government, has completed its trial production. It is anticipated to produce at an initial annual rate of 200,000 tons in December, ramping up to its approved rate of 300,000 tons per year over the subsequent months. LuoZhou is targeted to expand to 450,000 tons by the end of 2013. LaShu is starting its trial production process and will initially produce at a rate of 150,000 tons per year and ramp up to its approved rate of 300,000 tons. Both mines are currently owned by Union Energy, a partner of L&L. | |
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News For LLEN From The Last 14 Days Check below for free stories on LLEN the last two weeks. |
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| May 6, 2013 | | 06:15 EDT | | LLEN | L&L Energy opens China headquarters in Beijing
L&L Energy announced the opening of its China headquarters in the capital city of Beijing. | |
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