L&L Energy subsidiary TaiFung Coal has reached an agreement with HunTai Coal in Yunnan Province to operate and manage HunTai's newly built 600,000 ton capacity washing plant.
The company will be remunerated with a management fee of $0.5m for the next 12 months for operating the plant and it can also earn revenues up to $63m by wholesaling the washed coal and generating $5.9m net income.
L&L vice president and director Ed Moy said the company is recognized in the coal washing industry.
"Through management innovation, the Company is able to synergize its expertise with other entities to produce more revenue and profit," Moy added.
The HunTai coal washing plant is built near its targeted customer, Yunnan Coal Energy, which requires approximately 3 million tons of washed coking coal each year.
US based L&L Energy is a coal mining company.
sweet home alabama etch a sketch the host hoodie hoosiers temperance world bank
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.