Natural Resource Inks $255M Deal For Coal Reserves
The reserves were purchased from Colt LLC, an affiliate of the Cline Group, Natural Resource Partners said. The company has already paid $10 million to acquire 3.3 million tons of coal, and future closings in 2010, 2011 and 2012 will occur as the Deer Run mine nears completion, it said.
The mine, located in...
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