Puda Coal (AMEX:PUDA) announced that its subsidiary has completed the acquisition of coal mines as part of its Pinglu Project.

The press release is quoted as saying:

Shanxi Coal placed all the purchased assets of Anrui Coal, Chuntouao Coal and Xiapingcun Coal into Shanxi Pinglu Dajinhe Anrui Coal Industry Co., Ltd.(“Dajinhe Anrui”), a newly established project company. Provincial government has approved the PRC-standard geological technical report of coal reserves of Dajinhe Anrui.

To read the full press release, click here.