L&L Energy (LLEN) will acquire a majority stake in the Lashu coal mine in Guizhou, China,...

|By:, SA News Editor

L&L Energy (LLEN) will acquire a majority stake in the Lashu coal mine in Guizhou, China, from Union Energy with an initial payment of $314K, a move L&L says will help it consolidate its mining and distributions holdings in the area. L&L expects the mine will produce 300K tons/year of coal, with potential expansion to 450K tons/year or more.