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Forbes reported that Alliance Resource Partners (NASDAQ:ARLP) is making a significant investment in an Illinois coal project.
Forbes reported that Alliance Resource Partners (NASDAQ:ARLP) is making a significant investment in an Illinois coal project.
The market news is quoted as saying:
The company said it will invest between $150 million and $275 million for preferred stock that will give it essentially all of White Oak’s distributable cash until Alliance hits an undisclosed rate of return on its investment. After that it will get rights to between 20 and 40 percent of the distributable cash generated by the project.
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