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MEI Online: Plant Operation News: North America: July 2nd 2007


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:: Natural Resource Partners L.P. Acquires Another Coal Preparation Plant and Rail Load-out Facility

Natural Resource Partners L.P. NRP and NSP, announced today that it has signed another agreement for construction of a coal preparation plant, coal handling infrastructure and rail load-out facility under its memorandum of understanding with Taggart Global USA, LLC. Consideration for the facility, located near Eckman, WV, is estimated to be approximately $16.2 million, of which $8.4 million was funded through NRP's revolving credit facility upon execution of the agreement. The coal preparation plant is under construction and will be processing coal by the third quarter. The rail load-out facility will not be completed until 2008. The remainder of the consideration will be funded as various construction objectives are achieved.




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