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News Breaks | | | | November 19, 2012 | | 08:27 EDT |  | LLEN | L&L Energy completes acquisition of two mines in Guizhou
L & L Energy announced its completion of acquisitions of the LuoZhou and LaShu mines, nearby its existing Weishe model mine under its consolidation strategy in Guizhou Province. Following preliminary agreement and due diligence, L&L announced a $37.1M acquisition of 95% of both mines from Union Energy, satisfied by a cash outlay of approximate $1.7M and transfers of the company's 98% interest in Zonelin Coking Plant and 60% interest in the DaPing Mine. | |
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