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L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."


OTCPK:LLEN - Post by User

Comment by farstaron Oct 07, 2013 8:25pm
178 Views
Post# 21798049

RE:Confusion

RE:ConfusionMaybe this will help you TJ...... The May 23 PR concerning Tai Fung and also below** from L&L Energy Website https://www.prnewswire.com/news-releases/ll-energy-establishes-new-operation-in-china-122435288.html L&L Energy Establishes New Operation in China SEATTLE, May 23, 2011 /PRNewswire/ -- L & L Energy, Inc., (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S.-based company since 1995 with coal mining and distribution businesses in China, announced today the formation of Yunnan L&L Tai Fung Coal Co. Ltd. ("Tai Fung") in the Yunnan province of China. L&L owns 98% of the Tai Fung joint venture, which includes a newly established coal wholesale operation and its existing Hong Xing coal washing facility. The joint venture will generate an approximately US $81 million in revenue per year to L&L. The new wholesale operation is to move 100,000 tons of coal annually adding an estimated US $17 million in revenues, and the Hong Xing washing facility has an estimated US $66 million in revenue and is being expanded to 600,000 tons per year. Tai Fung held its grand opening and ribbon cutting ceremony last Thursday, May 19, in the presence of local government officials, business leaders, and coal mine owners. Dickson Lee, Chairman and CEO of L&L Energy, commented, "Tai Fung will utilize the rich local coal resources and market to improve our foothold in the Yunnan Province. This is an important step for L&L to continue on its path to becoming one of the largest consolidators in the region." **Also from LLEN's website under Wholesale...... Tai Fung Formed in 2011, Tai Fung is L&L’s second foray into coal wholesale and distribution in Yunnan Province. Tai Fung will move 100,000 tons of coal annually for the Company. Tai Fung will also include L&L Hong Xing washing facility, which is currently being expanded to 600,000 tons of annual production. Far
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