Puda Coal, Inc. (AMEX:PUDA) announced that its subsidiary has been granted a transitional business license by the Shanxi provincial government in China.

The press release is quoted as saying:

Dajinhe Coal is a project company 100% owned by Shanxi Coal that holds the acquired coal mining rights and assets of Pinglu County Da Wa Coal Industry Co., Ltd.

To read the full press release, click here.