Penn Virginia Resource Partners, LP announced that it has purchased 18.6 million tonnes of coal reserves along with associated timber, oil and gas assets on over 4,700 acres of properties in Kanawha and Boone counties, West Virginia.

The coal reserves have excellent transportation access to both railroad and river barge facilities and producing deep mines are located on or adjacent to the acquired properties. Purchase price for the assets was USD 21.6 million.

Mr William H Shea Jr Chief Executive Officer of PVR's general partner said "We are pleased to have the opportunity to acquire additional attractive natural resource assets to expand our reserve base in Central Appalachia. The coal reserves are fully leased and include metallurgical-grade and thermal coal reserves. These properties are in close proximity to other PVR Central Appalachian assets, which will allow us to manage them from our Chesapeake, West Virginia office with existing personnel."