NRP well positioned for further acquisitions

摘要

Natural Resource Partners, fresh off a year of growth that included two December acquisitions, might be poised to expand further in 2008. "For NRP, 2007 was a year of growth and integration," said Nick Carter, president and COO. "We are a much larger business today, having completed approximately 1.1 billion dollars of acquisitions since becoming a public company five years ago, with nearly S600 million in deals closing since December 2006. We also have a more diverse and therefore more stable cash flow, which has allowed us to continue increasing distributions." In December, NRP completed two acquisitions for 33.9 million dollars. These acquisitions included the purchase of an overriding royalty interest on low-vol metallurgical coal reserves from Massey Energy for 6.6 million dollars and the previously announced acquisition of 17.5 million tons of low-vol coal for 27.2 million dollars from National Resources.