Alliance Resource Partners, L.P. Announces Completion of Acquisition of Warrior Coal, LLC.Energy Editors/Business Editors TULSA, Okla.--(BUSINESS WIRE)--March 14, 2003 Alliance Resource Partners, L.P. (Nasdaq:ARLP ARLP Acoustic Reference Level Plan ), today announced that it has completed the previously announced acquisition of Warrior Coal, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (See ARLP Press Release, dated November 14, 2002). Warrior Coal is an underground mining complex that utilizes two continuous mining units employing room-and-pillar mining techniques and is located adjacent to the Partnership's Western Kentucky operations. The transaction was funded with the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the Partnership's recently completed public offering of 2,538,000 common units. (See ARLP Press Releases, dated February 10 and March 14, 2003). Alliance Resource Partners is the nation's only publicly traded master limited partnership involved in the production and marketing of coal. Alliance Resource Partners currently operates eight mining complexes in Illinois, Indiana, Kentucky and Maryland. FORWARD-LOOKING STATEMENTS: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. These risks, uncertainties and contingencies include, but are not limited to, the following: competition in coal markets and our ability to respond to the competition; fluctuation in coal prices, which could adversely affect our operating results and cash flows; deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the electric utility industry and/or the effects of any adverse changes in the domestic coal industry, electric utility industry, or general economic conditions; dependence on significant customer contracts, including renewing customer contracts upon expiration; customer cancellations of, or breaches to, existing contracts; customer delays or defaults in making payments; fluctuations in coal demand, price and availability due to labor and transportation costs and disruptions, equipment availability, governmental regulations and other factors; our productivity levels and margins that we earn on our coal sales; any unanticipated increases in labor costs, adverse changes in work rules, or unexpected cash payments associated with post-mine reclamation and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. claims; greater than expected environmental regulations, costs and liabilities; a variety of operational, geologic, permitting, labor and weather-related factors; risks of major mine-related accidents or interruptions; results of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; difficulty maintaining our surety bonds for mine reclamation Mine reclamation is the process of creating useful landscapes that meet a variety of goals, typically creating productive ecosystems (or sometimes industrial or municipal land) from mined land. as well as workers' compensation and black lung black lung: see pneumoconiosis. benefits; difficulty obtaining commercial property insurance; and risks associated with our 15.48% participation (excluding any applicable deductible) in the commercial property program. Additional information concerning these and other factors can be found in the Partnership's public periodic filings with the Securities and Exchange Commission ("SEC"), including the Partnership's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001 filed on April 1, 2002, as amended on Form 10-K/A for Items 1, 2 and 8 filed with the SEC on November 25, 2002. Except as required by applicable securities laws, the Partnership does not intend to update its forward-looking statements. |
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