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

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.
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