COAL and gas producer Penn Virginia Resource Partners has lifted its net income by 8% year-on-yea...
While at 8.9 million tons, the coal royalty tons remained roughly the same as in 2010, the stronger coal market resulted in average royalty revenue of $4.22 per ton in 2011 compared to $3.64/t in the previous year.
Management discussion of the plans for its coal business is expected in a conference call at 11am this morning.
PVRP currently owns approximately 900Mt of proven coal reserves in northern and central Appalachia as well as the Illinois and San Juan basins.
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