The Chinese government continues to address safety concerns by consolidating smaller mines and imposing more stringent environmental and operational standards as regulated by the Ministry of Commerce. For its part, L & L is committed to increasing the safety practices of not only its own mines, but in the Chinese industry as a whole. As the Company introduces higher U.S. standards in its acquired operations, it hopes such standards can serve as a model for other mine operators to adopt and improve upon.
Dickson Lee, CEO added, "In light of the recent tragedies in our mining industry, L & L sends its sympathies to miners and their families in Guizhou Province. Though we have been fortunate to not have any major accidents in our operating history, we believe that even mines with good safety records can continue to improve. Thus safety is a major priority for L & L. Safety is good business."
L & L currently operates three mines in the Yunnan and Guizhou provinces with 1,100 workers in coal related subsidiaries. All of L & L's coal mines have recently passed safety inspections.
About L & L Energy
Founded in 1995 and headquartered in Seattle, Washington, L & L (http://www.llenergyinc.com/) focuses on the energy market in China. It operates coal mines, coal wholesale, coking, and coal-washing facilities.
Forward-Looking Statements
The statements contained words that are not historical fact, including terms such as "expert," "plan," and other expressions, including statements related to Company's future performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements
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