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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...