The annual production budget for the company’s SuTsong mine will jump from 90,000 tons to 150,000t, while output at the DuPuAn operation will double from 150,000t per annum to 300,000tpa for the fiscal year starting May 1.

The company expects to receive the official licence to mine at its new Laos complex soon, and management anticipates the mine will see first coal cut by the end of the year. Its total annual production has been set at 200,000t.

L&L also outlined plans for its KunMine Coal wholesale subsidiary in the new fiscal year. It anticipates processing 300,000t through five of the company’s strategic mining partners.

The producer announced a sales target for the new fiscal year of $US95 million, which signifies a major revenue jump over the current year.

Its reserve base totals 87Mt, made up of the blocks at its DuPuAn, SuTsong, Laos and Tian-Ri operations.

“The Chinese government, targeting a 7 per cent GDP increase in 2009, has implemented an economic stimulus, creating strong coal demand for China's infrastructure expansion,” the company said.

“With China currently importing coal to meet its demand, L&L has excellent opportunities to expand its coal production in the next 12 months.”