HOUSTON, March 3 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P.
(NYSE: NRP) today announced it has closed its previously announced acquisition
of coal reserves from Plum Creek Timber Company, Inc. The purchase price, as
adjusted for anticipated production from the properties, was $21.25 million.
The purchase was funded through a combination of NRP's credit facility and
$3.25 million in cash.
Natural Resource Partners L.P. is headquartered in Houston, TX, with its
operations headquarters in Huntington, WV. NRP is a master limited
partnership that is principally engaged in the business of owning and managing
coal properties in the three major coal producing regions of the United
States: Appalachia, the Illinois Basin and the Powder River Basin.
For additional information, please contact Kathy Hager at 713-751-7555 or
khager@nrplp.com. Further information about NRP is available on the
partnership's website at http://www.nrplp.com .
SOURCE Natural Resource Partners L.P.
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Related links:
http://www.nrplp.com
CONTACT:
Kathy Hager of Natural Resource Partners
L.P., +1-713-751-7555, or khager@nrplp.com
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