HOUSTON, May 20 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P.
(NYSE: NRP) today announced that it has completed its previously announced
acquisition of all of the membership interests in two entities from Adena
Minerals, LLC, an affiliate of the Cline Group. These companies own coal
reserves and infrastructure assets, including beltlines and barge loadout
facilities at Cline's Yellowbush Mine located on the Ohio River in Meigs
County, Ohio. NRP issued 4,560,000 common units to Adena Minerals in
connection with the acquisition. In addition, the general partner of Natural
Resource Partners granted Adena an additional nine percent interest in the
general partner.
Coal reserves are being produced, processed, and sold currently and will
immediately generate coal royalties and transportation and handling fees for
NRP. Current year estimates were included in the guidance issued in January
2009.
Company Profile
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 mineral
reserve properties. NRP owns coal reserves and coal handling and
transportation infrastructure in the three major coal producing regions of the
United States: Appalachia, the Illinois Basin and the Powder River Basin. In
addition, the partnership owns and manages aggregate reserves being mined in
West Virginia and Washington.
For additional information, please contact Kathy H. Roberts at
713-751-7555 or kroberts@nrplp.com. Further information about NRP is available
on the partnership's website at http://www.nrplp.com.
SOURCE Natural Resource Partners L.P.
-0- 05/20/2009
/CONTACT: Kathy H. Roberts of Natural Resource Partners L.P.,
+1-713-751-7555, kroberts@nrplp.com/
/Photo: http://www.newscom.com/cgi-bin/prnh/20060109/NRPLOGO
http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
/Web Site: http://www.nrplp.com /
(NRP)
CO: Natural Resource Partners L.P.; Adena Minerals, LLC; Cline Group
ST: Texas, Ohio
IN: UTI OIL MNG
SU: TNM
PR
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7676 05/20/200917:00 EDThttp://www.prnewswire.com