Alberto Padilla

Alberto Padilla, Principal at Fruit Tree Capital, asked why Natural Resource Partners did not bid in Pure Land Management's sale auction for mineral rights related to two of Warrior's mines, given their interest in natural resource assets.

Answer

President and COO Craig Nunez explained that NRP typically avoids auctions for mineral-type assets as they rarely yield attractive opportunities. He emphasized the company's current strategic focus on de-leveraging all outstanding debt and prioritizing capital returns to unitholders through distributions.