• Longwei Petroleum (LPIH.OB) Reports Net Income and Revenue Guidance for Fiscal 2009

    Longwei Petroleum Investment Holding Ltd. (LPIH.OB), one of the leading distributors and wholesalers of diesel, gasoline, kerosene and fuel oils in Taiyuan City in the People’s Republic of China, recently announced revenue of approximately $197 million for the fiscal year ended June 30, 2009. The company’s net income totaled $23.9 million, equating to earnings per [...]
  • Gas blast kills at least 73 in yet another Chinese coal mine disaster

    Although China has managed to reduce its mine fatalities, it is still probably the most dangerous country in the world to work in the mining sector. A gas blast in a coal mine this weekend has now killed at least another 73 miners.