Ping Yi, a coal mine located in Guizhou Province of China, with annual coal mining capacity of 300,000 tons, has built this new 600,000 ton coal washing facility using its own capital, the company said.
It is expected the new washing facility, at full capacity, will generate approximately $78m in revenue per year, based on a washed coal price of $130 per ton.
Dickson Lee, CEO of L & L Energy, said: “We are pleased to report another execution of our flourishing business. Operations from this Ping Yi washing facility would bring in higher margins to the existing operations.
“The opening of this third washing facility represents another step to increasing our market share and becoming a leading coal producer in China.”
