Industrial Metals

Coal company L&L Energy Inc (LLEN.O) intends to buy at least a 51 percent stake in Shunda Mining Co, including two coal mines and a coal washing facility, in a bid to tap into higher demand for coal and energy in China.

Coal company L&L Energy Inc (LLEN.O) intends to buy at least a 51 percent stake in Shunda Mining Co, including two coal mines and a coal washing facility, in a bid to tap into higher demand for coal and energy in China.

The press release is quoted as saying:

The two coal mines that L&L Energy plans to buy have a total a production of 750,000 tons per year and the coal washing facility has annual production of 900,000 tons. L&L Energy is currently performing due diligence regarding the acquisition and expects the acquisition to add to its earnings in the first year.

Click here to access the entire press release

Featured

MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31880.24+618.34
S&P 5003973.75+72.39
NASD11535.27+180.66
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1850.87-2.80
Silver21.72-0.02
Copper4.32-0.03
Palladium1998.00+13.00
Platinum951.00-2.00
Oil109.77-0.52
Heating Oil3.62-0.03
Natural Gas8.75+0.01

DOWNLOAD FREE REPORTS

×