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Nick Carter, President and Chief Operating Officer of Natural Resource Partners, Talks to The Wall Street Transcript Monday, December 20


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

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.

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