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China Coal Energy Co’s Mining Disaster to Spur Growth at L&L Energy and SinoCoking
Sep. 23, 2011 11:21AM PST
Industrial MetalsThe Bedford Report released research on L&L Energy, Inc. (NASDAQ:LLEN) and SinoCoking and Coke Chemical Industries, Inc. (NASDAQ:SCOK).
The Bedford Report released research on L&L Energy, Inc. (NASDAQ:LLEN) and SinoCoking and Coke Chemical Industries, Inc. (NASDAQ:SCOK).
The press release is quoted as saying:
China’s coal industry lost a key player earlier this month after China Coal Energy Co’s parent company was ordered to cease operations in Shanxi province following a fatal mine accident. “The order may affect about 60 million tons-a-year of China Coal’s capacity for probably two weeks,” said Helen Lau analyst at UOB-Kay Hian Ltd. The unfortunate news was big for other Chinese coal producers such as L&L Energy and SinoCoking and Coke Chemicals Industries.
Click here to read the entire news release.
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