The companies will work together to source and sell one million tons of coking and thermal coal in 2012, starting in February.
Earlier this week, L&L’s DaXing subsidiary also signed a similar deal with China Chengtong Metal Tianjin Co to market/sell coal.
L&L executive vice president Clayton Fong said the company’s newly established wholesale operations have hit the ground running by securing two sales contracts representing an aggregate of two-million tons in 2012.
China-based Tianjin Fuhao is a coal wholesale company with extensive resources in trade and logistics.
