L & L Energy (LLEN) to Acquire Majority Interest in Weishe Mine from Union Energy
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L & L Energy, Inc., (Nasdaq: LLEN) has entered an agreement acquiring 51% controlling interest of the Weishe coal mine in China.
Weishe mine produces high quality, low sulfur, anthracite coal, and is one of three newly constructed mines owned by Union Energy located in Hezhang, Guizhou Province, China. The mine is expected to be expanded to its designed 450,000 tons of annual production over the next few years.
Weishe mine produces high quality, low sulfur, anthracite coal, and is one of three newly constructed mines owned by Union Energy located in Hezhang, Guizhou Province, China. The mine is expected to be expanded to its designed 450,000 tons of annual production over the next few years.
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