Natural Resource Partners said Tuesday it completed its purchase of 92 million tons of coal reserves from Dingess-Rum Properties.
The deal also included nearly 34,000 acres of surface and timber.
NRP issued 2,400,000 common units to Dingess-Rum, implying a value of of nearly $143 million.
Natural Resource Partners, based in Houston, is a master limited partnership principally engaged in 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.
