Nick Carter, President and Chief Operating Officer of Natural Resource Partners, Talks to The Wall Street Transcript Monday, December 20.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Wall Street Transcript has published an in-depth interview with Nick Carter, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Natural Resource Partners L.P. (NYSE NYSE See: New York Stock Exchange :NRP (Network Resource Planning) The planning, scheduling and control of a computer network. It includes documentation writing and network diagramming, analyses of traffic and congestion, analyses of application behavior and demand, procedures for failsafe and disaster ) in which he talks at length about the partnership. The entire 2,500 word interview is available free online at http://www.twst.com/ceos.htm Natural Resource Partners L.P. is a master limited partnership that engages principally in the business of owning and managing coal properties in the three major coal producing regions China is the largest producer of coal in the world, while the United States contains the world's largest coal reserves. China and the US are also among the largest coal consumers. Other important coal producing countries include: Australia, India, South Africa, and Russia. of the United States: Appalachia, the Illinois Basin and the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . It does not operate any mines. Rather, it leases coal reserves to experienced mine operators under long-term leases that grant the operators the right to mine its coal reserves in exchange for royalty payments. With regard to the Company's strategy Mr. Carter states, "Natural Resource Partners serves as a proxy investment for the entire coal industry. We have a relationship with and derive our revenue from 54 different mining companies. Those companies mine in all three major coal producing regions, they mine low sulfur and high sulfur, met and steam coal, and ship on all sources so they are very diverse." In describing the Company's reserves Mr. Carter states, "Our reserves are very diverse. Three out of the four Class A railroads haul our coal. Much of the coal is located along tributaries to the Ohio River system, the Big Sandy, and Kanawha rivers, and a lot of it goes by barge to the power plants. Approximately 25% of this coal is metallurgical and goes into the steel business." The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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