Director of United States Mint Resigns

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December 29, 2010 – Washington, DC-Director of the United States Mint Edmund C. Moy announced that he has submitted his resignation to President Barack Obama. He also informed Secretary of the Treasury Timothy Geithner and Treasurer of the United States Rosie Rios of his resignation, effective January 9, 2011. Moy has accepted a position in the private sector.

Edmund C. Moy on the occasion of the Mint Directors Conference in Canberra in 2010.

Moy was sworn in as 38th Director of the United States Mint in September 2006 after being appointed by President George W. Bush for a five-year term. Prior to assuming his duties as Director of the Mint, Moy was a Special Assistant to President Bush for Presidential Personnel. In his remarks to all Mint employees about his departure, Moy praised their performance during his tenure. “I’m proud of the progress we’ve made over four and a half years. The Mint is a better place and delivering more value to the American taxpayers. The foundation has been rebuilt and the work is now in your capable hands,” he said. “Please know that I will always remember my being Director of the United States Mint as a special time in my life.”
Prior to his public service in the White House and Mint, Moy spent eight years working with venture capital firms and entrepreneurs. From 1989 to 1993, he served President George H. W. Bush as a political appointee at the federal Health Care Financing Administration at the U.S. Department of Health and Human Services. He has also served as a sales and marketing executive for Blue Cross Blue Shield of Wisconsin.
Moy graduated from the University of Wisconsin in 1979 with a triple major in economics, international relations and political science. He and his wife Karen have a daughter, Nora.

Edmund Moy will now join L&L Energy as Vice President – Corporate Infrastructure. L&L Energy is a U.S.-based company since 1995 with coal mining and distribution businesses in China. Mr. Moy’s appointment will be effective January 10, 2011 and he will report directly to Dickson Lee, L&L’s Chairman and CEO. Mr. Moy’s key areas of responsibilities include corporate development, global logistics, and general administration.
L & L Energy (Nasdaq: LLEN) was founded in 1995, is headquartered in Seattle, and is engaged in coal mining, washing, coking and distribution in Yunnan and Guizhou Provinces and is expanding its coal operations in the U.S. with the Bowie Mine in Colorado. The Company has additional offices in Kunming, Shenzhen, Guangzhou, Hong Kong, and Taipei and produces thermal and metallurgical coals. During the fiscal year ended April 30, 2010, the Company achieved impressive revenue growth of 167% and net income growth of 230% over the previous fiscal year. In June 2010, L & L’s stock was added to the Russell 3000® Index.