Puda Coal Inc PUDA

Puda Coal, Inc. (Puda) is a supplier of high-grade metallurgical coking coal to the industrial sector in the People’s Republic of China (the PRC or China). Its processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda’s operations are conducted by Shanxi Puda Coal Group Co., Ltd (Shanxi Coal), which it controls through 90% indirect equity ownership. Puda cleans raw coking coal sourced from third-party coal mines primarily located in Liulin County, Shanxi Province, and markets the cleaned, coking coal to coke and steel makers. Its primary geographic markets include Shanxi Province, Inner Mongolia Autonomous Region, Hebei Province, Beijing and Tianjin, China. It purchases raw coal from a diversified pool of local coal mines in Shanxi Province.

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Puda Coal Inc

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Post by coldheaton Mar 07, 2014 1:26am

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Post# 22292793

Should be more coming after the 10th

These new filings are part of the motions I referenced last week.

The judge will decide if they go forward, but from my reading, the new complaint does not have the smoking gun or anything that would make a big difference in the case

I also believe that they have a misunderstanding generally about these US/China indirect ownership structures.. In my humble opinion..

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Foran Mining moves closer to copper and zinc production