Hey massa my friend, I think you are thinking wrong. In China, the government thinks opposite to us. When high demand seasons arrive in China, the demand for coal goes up and that's when the Chinese gov. slaps on coal price controls so industrial plants and consumers don't have higher costs. This holds down wages and prices for exports. Read this website:
It's hard to figure this out. On one hand the gov't could limit the price of coal but then as the article says that would only increase demand which would be good for coal companies. Forcing small mines out of business makes for good opportunities for LLEN. The way I see it is this, China uses a huge amount of coal and will continue to use a huge amount of coal because it is cheap. Wind, solar, nat gas, and oil are too expensive. LLEN's mines are in China so they have to be more profitable than companies that export to China. I would imagine that these large mines are negotiating coal pricing with the Chinese gov't before buying up these smaller mines. That's probably why these acquisitions are taking time.