NEW YORK--(BUSINESS WIRE)--Dec. 20, 2004--The Wall Street
Transcript has published an in-depth interview with Nick Carter,
President and Chief Operating Officer of Natural Resource Partners
L.P. (NYSE:NRP) in which he talks at length about the partnership.
The entire 2,500 word interview is available free online at
http://www.twst.com/ceos.htm
Natural Resource Partners L.P. is a master limited partnership
that engages principally 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 Western United States.
It does not operate any mines. Rather, it leases coal reserves to
experienced mine operators under long-term leases that grant the
operators the right to mine its coal reserves in exchange for royalty
payments.
With regard to the Company's strategy Mr. Carter states, "Natural
Resource Partners serves as a proxy investment for the entire coal
industry. We have a relationship with and derive our revenue from 54
different mining companies. Those companies mine in all three major
coal producing regions, they mine low sulfur and high sulfur, met and
steam coal, and ship on all sources so they are very diverse."
In describing the Company's reserves Mr. Carter states, "Our
reserves are very diverse. Three out of the four Class A railroads
haul our coal. Much of the coal is located along tributaries to the
Ohio River system, the Big Sandy, and Kanawha rivers, and a lot of it
goes by barge to the power plants. Approximately 25% of this coal is
metallurgical and goes into the steel business."
The Wall Street Transcript does not endorse the views of any
interviewees nor does it make stock recommendations. For subscription
information call 800/246-7673.
CONTACT: Natural Resource Partners L.P.
Kathy Hager, 713-751-7555
SOURCE: Natural Resource Partners L.P.