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Natural Resource Partners L.P. Closes Acquisition of Coal Assets From Plum Creek Timber Company, Inc.

03/03/2005

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.
03/03/2005
CONTACT: Kathy Hager of Natural Resource Partners L.P., +1-713-751-7555,
or khager@nrplp.com
Web site: http://www.nrplp.com
(NRP)

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