(Reuters) - U.S.-based coal miner L&L Energy Inc LLEN.O said it has signed a contract with China’s Datang International Power Generation Co (601991.SS) to sell thermal coal, in a deal which is expected to generate about $31 million in revenue.
L&L Energy shares were trading up 19 percent at $3.00 on Thursday morning on the Nasdaq.
Under the agreement, L&L’s wholesale unit in Guizhou province will provide 20,000 tons of thermal coal per month for a year to Datang’s power plant.
Datang has about 100 subsidiaries in over 18 provinces in China.
Reporting by Vaishnavi Bala in Bangalore; Editing by Supriya Kurane