NASSAU, Bahamas, May 15 /PRNewswire-FirstCall/ -- Global Environmental
Energy Corp., (Deutsche Borse: GLI, OTC Bulletin Board: GEECF http://www.geecf.ru)
has received a Letter of Intent from US based WASP Energy LLC., for Global
to supply WASP with 2-3 million tons of Chinese metallurgical coal (coking
coal) per year on a multiyear contract.
WASP (http://www.waspenergy.com) is a Khanjee company (http://www.khanjeeholding.com)
and is licensed by the Federal Energy Regulatory Commission (FERC) of the
United States to trade in electric power and other energy commodities. WASP
will pre finance its ongoing coal purchase from Global through credit
facilities acceptable to Global.
Global is a joint venture partner with the Yankuang Group of companies,
engaged in the business of mining, processing and selling Chinese Coal.
Yankuang and Global jointly own the Shenzhen YanFeng Coal Company Limited,
which is owned (60%) by Yankuang Group Holding Co., Ltd., and (40%) Global.
Yankuang is engaged in coal mining, coal chemistry, electrolytic
aluminium, real estate development, electricity generation, construction
materials, mechanical process, environmental remediation, trading etc.
Yangzhou Coal Mining Company Limited, a subsidiary of Yankuang Group
Holding Co., Ltd. is listed on New York Stock Exchange (NYSE: YZC), Hong
Kong Stock Exchange (Code number 1171) and Shanghai Stock Exchange (Code
number 600188).
Coking coal (metallurgical coal). See Bloomberg.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a91nvK34AiYo
This press release contains forward-looking information within the
meaning of Section 27A of the Securities Act of the 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe harbor
created by those sections.
SOURCE Global Environmental Energy Corp.
back to top
