About Natural Resource Partners L.P.
We are a master limited partnership
formed from selected properties of the WPP Group and Arch Coal, Inc. (NYSE:ACI). The WPP Group consists of Western Pocahontas Properties, Great Northern Properties, and New Gauley Coal Corporation; three privately held companies. The WPP Group is the largest owner of coal reserves in the United States outside of the U.S. Government and Arch coal is the second largest U.S. coal producer. As of December 31, 2005, our reserves are subject to 176 leases with 67 lessees.
We engage principally in the business of owning and managing coal properties
We operate in the three major coal-producing regions of the United States: Appalachia, the Illinois Basin and the Western United States. As of December 31, 2005, we controlled over 2 billion tons of proven and probable coal reserves in eleven states.
We grant operators the right to mine in exchange for royalty payments
We lease coal reserves to experienced mine operators under long-term leases that grant the operators the right to mine our coal reserves in exchange for royalty payments. We do not operate any mines. In managing our properties, we actively work with our lessees to develop efficient methods to exploit our reserves and to maximize production from our properties. | |
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About NRP |
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History
Natural Resource Partners was formed with selected properties from Western Pocahontas Properties, Arch Coal, Great Northern Properties and New Gauley Coal. |
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MLP Benefits
A major reason that investors buy MLPs (versus bonds) is the potential to see their distributions grow faster than inflation. |
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Reserves/Locations
At December 31, 2005, NRPLP had 2 billion tons of proven and probable reserves located in three major coal producing areas. |
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Business Strengths
A royalty structure that generates stable production and cash flow. |
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Growth Plans
Internal growth-by maximizing royalty revenues from our existing properties.
External growth - through new property acquisitions. |
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Management Team
A strong management team with a successful record of managing, acquiring and leasing coal properties. |
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Business Development
& Acquisitions
Do you own
mineral rights?
Interested in converting your ownership to an interest in NRP? [Click here to inquire] |
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