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Natural Resource Partners L.P. to Acquire Coal Assets From Plum Creek Timber Company, Inc.

Publication: PR Newswire
Publication Date: 31-JAN-05
Format: Online - approximately 497 words
Delivery: Immediate Online Access

Article Excerpt
Natural Resource Partners L.P. today announced it has signed a definitive agreement to purchase mineral rights to approximately 85 million tons of coal reserves from Plum Creek Timber Company, Inc. for $22 million. The transaction is subject to customary closing conditions and is expected to close in the first quarter. The purchase will be funded through a combination of NRP's credit facility and cash on hand.

The coal reserves are located on approximately...

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