QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Natural Resource Partners L.P (NRP) Closes On Three Aggregates Purchases 0 comments
    Apr 27, 2010 5:38 PM | about stocks: NRP

    Natural Resource Partners L.P announced the closing of three acquisitions of aggregates properties in the United States. The company paid $31 million for the three properties, with $21 million paid at closing and $10 million due later in 2010.

    The management of Natural Resource Partners L.P indicated that it is still looking for further purchases to add to its reserves. “NRP continues to look for expansion opportunities in the aggregate sector, including construction aggregates, industrial minerals and specialty aggregates,” said Nick Carter, the CEO of Natural Resource Partners L.P.

    Natural Resource Partners L.P purchased 100 acres of limestone reserves in White County, Indiana. The company will lease the property to a third party to supply aggregates to areas in Illinois and Indiana.

    Natural Resource Partners L.P purchased 1,000 acres in California, with an existing silica sand plant on site. The company plans to expand the plant to process a higher quality product to be sold to industrial mineral companies.

    Natural Resource Partners L.P purchased limestone reserves located in Cloverdale, Indiana. The company will construct a grind facility on site to process calcium carbonate limestone.

    Natural Resource Partners L.P is a master limited partnership headquartered in Houston, Texas. The company also owns coal reserves and coal infrastructure assets in the United States.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net


    Disclosure: NO POSITIONS
    Stocks: NRP
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.