L&L Signs Purchase Contracts with KISC

20 April 2011 (Last Updated April 20th, 2011 18:30)

L&L Energy has entered into two purchase contracts with China-based Kunming Iron & Steel Group (KISC) to supply a total of 700,000t of coal. Under the first purchase contract, L&L will sell KISC 300,000t of coal mined from its Chinese operation, through its subsidiary KMC, for a period

L&L Energy has entered into two purchase contracts with China-based Kunming Iron & Steel Group (KISC) to supply a total of 700,000t of coal.

Under the first purchase contract, L&L will sell KISC 300,000t of coal mined from its Chinese operation, through its subsidiary KMC, for a period of one year.

Under the second contract, L&L will sell an additional 400,000t of coal from its US operation when the coal is available.

The value of the contracts has not been disclosed.

L&L Energy currently operates Dapuan and Sutsong Mines in Yunnan Province of China, which generate about 250,000t of coal per year.

The firm also operates Bowie Mine in Colorado, US.