L&L Energy (LLEN +4.4%) trades up after announcing that its wholly owned coal subsidiary,...

|By:, SA News Editor

L&L Energy (LLEN +4.4%) trades up after announcing that its wholly owned coal subsidiary, DaXing-L&L Coal, has entered into a joint sales agreement with China Chengtong Metal's subsidiary, China Chengtong Metal Tianjin. Under the terms of the agreement, both companies will source and market 1M tons of both coking and thermal coal in 2012, generating about $150M in revenues.