Natural Resource Partners and Foresight Energy recently settled litigations regarding Foresight Energy’s Hillsboro Energy Deer Run mine and Foresight Energy’s Macoupin Energy Shay mine. Upon execution of final documents, NRP will receive a payment of $25 million from Foresight Energy in consideration of disputed past due amounts. In addition, NRP and Foresight Energy will amend the Hillsboro Energy coal mining lease to provide $11 million of non-recoupable annual minimum payments to NRP and extend the current lease term through the end of 2033. All claims will be dismissed in both the Hillsboro Energy and Macoupin Energy litigations.
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