Brief: Natural Resource Partners And Foresight Energy Resolve Legal Disputes

Natural Resource Partners

25/10/2018 22:45

Oct 25 (Reuters) - Foresight Energy LP  FELP.N :
    * NATURAL RESOURCE PARTNERS AND FORESIGHT ENERGY RESOLVE
LEGAL
DISPUTES
    * CO, FORESIGHT ENERGY ANNOUNCED SETTLEMENT OF LITIGATIONS
REGARDING CERTAIN OF FORESIGHT ENERGY'S MINES
    * LITIGATIONS WERE REGARDING FORESIGHT ENERGY'S HILLSBORO
ENERGY
DEER RUN MINE & MACOUPIN ENERGY SHAY MINE
    * UPON EXECUTION OF FINAL SETTLEMENT DOCUMENTS, CO WILL
RECEIVE A
PAYMENT OF $25 MILLION FROM FORESIGHT ENERGY
    * CO, FORESIGHT WILL AMEND HILLSBORO ENERGY COAL MINING
LEASE TO
PROVIDE $11 MILLION OF NON-RECOUPABLE ANNUAL MINIMUM PAYMENTS TO
CO
    * CO, FORESIGHT WILL EXTEND CURRENT LEASE TERM OF HILLSBORO
ENERGY
COAL MINING LEASE THROUGH END OF 2033
    * ALL CLAIMS WILL BE DISMISSED IN BOTH HILLSBORO ENERGY AND
MACOUPIN ENERGY LITIGATIONS

Source text for Eikon:  ID:nBwbpS29Ca 
Further company coverage:  FELP.N 

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