The company will be remunerated with a management fee of $0.5m for the next 12 months for operating the plant and it can also earn revenues up to $63m by wholesaling the washed coal and generating $5.9m net income.
L&L vice president and director Ed Moy said the company is recognized in the coal washing industry.
"Through management innovation, the Company is able to synergize its expertise with other entities to produce more revenue and profit," Moy added.
The HunTai coal washing plant is built near its targeted customer, Yunnan Coal Energy, which requires approximately 3 million tons of washed coking coal each year.
US based L&L Energy is a coal mining company.
