GeoInvesting Releases Video Evidence Disputing L & L Energy Ownership of Ping Yi Mine

Feb 16, 2012, 11:35 ET from

SKIPPACK, Pa., Feb. 16, 2012 /PRNewswire/ -- today announced that it has made additional research and due diligence available on L & L Energy.

Since its initial report on January 17, 2012, the GeoTeam has continued to develop even more conclusive proof to support its case that L & L Energy never purchased the Ping Yi Mine. After the Chinese New Year holiday, the GeoTeam contacted Mr. Hu Shiwei and Mr. Zhang Baoguo, the Ping Yi Mine owners, who control a combined 70% of its equity.  They said that they never transferred their interests of Ping Yi Mine to LLEN and/or its affiliated identities. The true owners of Ping Yi Mine provided the following:

  • A video made by Mr. Hu Shiwei, The executive partner and legal representative of the Ping Yi Mine, in the office of the Notary Public showing the original business license and mining permit of Ping Yi Mine. In this video he also explained, with a written statement, the true ownership structure of Ping Yi Mine and other relevant matters.
  • NOTARIZED copies of the original identity card of Mr. Hu Shiwei, the Ping Yi Mine business license and the Ping Yi Mine mining permit which exactly match the current SAIC file on record.   
  • A notarized letter executed by Ping Yi Mine Legal Representative and Executive Partner Hu Shiwei stating that LLEN does not and never did own the Ping Yi Mine.

For links to all of the relevant material, as well as the revealing video, please go here:

GeoInvesting Contacts:
Dan David, Vice President
Ph. 484-991-8426
Web site: