L & L Energy (LLEN) Enters Long-Term Sales Contract with Yongfu Power
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L & L Energy, Inc. (Nasdaq: LLEN) has signed a long-term sales contract with Guodian Yongfu Power Generation Co., Ltd., a large utility company located in Guangxi Province.
Under the agreement, L&L will provide 20,000 tons of thermal coal per month over the next eight months to Yongfu Power. The contract can be extended after the initial eight months. The average sales price under the agreement will be approximately $120 per ton, which is anticipated to generate approximately $19 million in revenues.
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Under the agreement, L&L will provide 20,000 tons of thermal coal per month over the next eight months to Yongfu Power. The contract can be extended after the initial eight months. The average sales price under the agreement will be approximately $120 per ton, which is anticipated to generate approximately $19 million in revenues.
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