MARKETS

Strong performance from ARP

ALLIANCE Resource Partners has posted record coal production for the March quarter 2007, confirmi...

Staff Reporter
Strong performance from ARP

During the quarter 6.5Mt of coal was produced, compared with 6.2Mt in the corresponding 2006 quarter.

Driven by higher Illinois Basin sales, ARP's coal sales volumes for the quarter increased to 6.2Mt, compared to 6.1Mt of coal sold in the 2006 quarter.

Reflecting on ARP’s results so far, president and CEO Joseph W Craft III confirmed the coal producer’s 2007 coal production in a range of 24.7Mt to 25.2Mt.

“Alliance Resource Partners is off to another strong start in 2007, posting quarterly records for EBITDA and coal production as well as increased sales tons and revenues," Craft said.

“We are especially pleased that these results were accomplished in conjunction with our safest quarter on record.”

ARP is a diversified coal producer and marketer with eight mining complexes across Illinois, Indiana, Kentucky, Maryland and West Virginia.

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