Penn Virginia Resource Partners (PVR) Acquires Central Appalachian Coal Reserves

Penn Virginia Resource Partners, L.P. (NYSE: PVR) has purchased 18.6 million tons of coal reserves along with associated timber, oil and gas assets on over 4,700 acres of properties in Kanawha and Boone counties, West Virginia. The coal reserves have excellent transportation access to both railroad and river barge facilities and producing deep mines are located on or adjacent to the acquired properties. Purchase price for the assets was $21.6 million.

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