TAIYUAN, China, March 22, 2011 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (NYSE Amex: PUDA) ("Puda Coal" or the "Company"), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and consolidator of nine coal mines in Pinglu County Yuncheng City ("Pinglu Project") and four coking coal mines in Huozhou County Linfen City ("Jianhe Project") in Shanxi Province, today announced webcast details for its Investor and Analyst Event in Shanxi Province, China, which will be available on the Company's newly launched a corporate website at www.pudacoalinc.com.
The Company will webcast its management presentation on March 24, 2011 at 11:30 am China Time or 11:30 pm ET on Wednesday, March 23, 2011. The Company's presentation will be webcast live over the Internet and can be accessed by all interested parties on the Company's newly launched corporate website www.pudacoalinc.com. To access the webcast, please access the link at least fifteen minutes prior to the start of the presentation to register, download, and install any necessary software. For those unable to participate during the live broadcast, a replay will be available shortly after the call by accessing the same link.
"We encourage those of you who are unable to attend our investor and analyst event to visit our new corporate website to listen to the webcast and view our corporate video. We aim to enhance transparency by providing timely information and business updates to existing and potential investors as Puda Coal executes its plan to transform into an integrated coal washing and coal mining company," commented Mr. Liping Zhu, CEO of Puda Coal, Inc. "We are committed to cultivating a mutual dialogue with our employees, business partners and other parties that have interests in the Company."
As previously announced, the Company will host its first investor event for analysts and institutional investors at various locations in Shanxi Province, China, including its corporate headquarters in Taiyuan from March 24-25, 2011. The two-day event will include site visits to the Company's coal mines under Pinglu Project in Southern Shanxi Province, one coal mine under Jianhe Project, one coal washing facility in central Shanxi Province, and its corporate headquarters in central north of Shanxi Province.
Puda Coal's new corporate website is designed to provide a compelling platform for the Company to communicate with investors, employees, customers, suppliers, and business partners. It features updated information on the Company's coal washing operations and coal mine consolidation projects. The new corporate website also includes a corporate video on the Company, providing a snapshot of its business operations, financials and growth strategy. The investor relations section of the website provides current Company information, including a corporate overview, corporate governance information, access to SEC filings, investor presentations, corporate profile, press releases, and news and events.
About Puda Coal, Inc.
Puda Coal, through its subsidiaries, supplies premium high grade metallurgical coking coal used to produce coke for steel manufacturing in China. The Company currently possesses 3.5 million metric tons of annual coking coal capacity. The Company is in the process of adding coal mining operations to its business, as an acquirer and consolidator and acquirer of coal mines in Shanxi Province. On September 30, 2009, Shanxi Coal, a 90% indirect subsidiary of the Company, was appointed by the Shanxi provincial government as an acquirer and consolidator of eight thermal coal mines located Pinglu County in southern Shanxi Province. Shanxi Coal plans to consolidate the nine coal mines into five, increasing their total annual capacity from approximately 1.1 million to 3.6 million metric tons. Shanxi Coal received another approval by the Shanxi provincial government to consolidate four additional coking coal mines into one coal mine in Huozhou County. After the completion of the consolidation, the Jianhe project is expected to increase the total annual capacity from 720,000 metric tons to 900,000 metric tons, according to the Shanxi provincial government's approval. For more information, please visit http://www.pudacoalinc.com.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. For example, our plan to become an integrated coal washing and coal mining company is subject to, among other things, the risks and uncertainties relating to the market, geological and construction conditions, which are beyond our control, as well as our management's ability and capacity to manage the coal mine operations, which are new to our business. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Relations Contact:
Crocker Coulson, President
Laby Wu, Chief Financial Officer, Director of Investor Relations
CCG Investor Relations
Puda Coal, Inc.
Elaine Ketchmere, Partner
SOURCE Puda Coal, Inc.