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.