L&L Energy (LLEN) Wins Two Contracts to Supply Metallurgical Coal to Kunming Iron & Steel
L&L Energy is in the business of coal mining, washing, coking and distribution of coal in the Yunnan and Guizhou Provinces in China. The company produces both metallurgical and thermal coal and showed impressive net income growth of 230% over the previous fiscal year. The company announced today that it entered into two purchase contracts, supplying a total of 700,000 tons of coal to Kunming Iron & Steel Group Limited of China. Kunming is a long-term customer of L&L and is the largest iron and steel producer in Yunnan Province. It has 30,000 employees and reported more than $1 billion…