L & L Energy (L&L), headquartered in Seattle, U.S. and engaged in coal mining, coking and distribution businesses in Chinese provinces, has signed two coal purchase contracts with Kunming Iron & Steel Group (KISC) on April 14, 2011 at L&L’s headquarters in Kunming, China. As per the deal, L&L will supply 700,000 tonnes of coal to the China-based iron and steel manufacturer.
Under the first purchase deal, L&L will deliver 300,000 tonnes of coal to KISC for a year. The coal will be mined from the company’s Chinese operation and will be supplied through its subsidiary, KMC. The second contract was signed for additional supply of 400,000 tons of coal from the company’s US operation. This additional delivery will be done only during the availability of coal.
L&L’s Vice President, Ed Moy commented that the company is happy to expand its sales through KISC partnership and is looking ahead to continue the enduring relationship with this China-based company.
Source: http://www.llenergyinc.com/