Coal to be sold to Chinese power plant

L&L Energy Inc. (Nasdaq: LLEN) has signed a long-term sales contract with China-based Datang International Power Generation Co. Ltd. to provide thermal coal for its HeShan power plant.

Under the agreement, L&L's DaXing subsidiary will provide 20,000 tons of thermal coal per month for 12 months to the HeShan power plant. Using an average sales price of $130 per ton, the contract is expected to generate approximately $31 million in revenues.

Datang Utility is one of China's largest power generation groups, with more than 100 subsidiaries in over 18 provinces throughout China.

Read more coal operations and maintenance news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...