Item 2.01 Completion of Acquisition or Disposition of Assets..
As previously disclosed, on September 6, 2019, Rhino Resource Partners LP (the
"Partnership") and certain of its direct and indirect subsidiaries (the
"Sellers") entered into an Asset Purchase Agreement with Alliance Coal, LLC
("Buyer") and Alliance Resource Partners, L.P. pursuant to which the Sellers
agreed to sell to Buyer all of the real property, permits, equipment and
inventory and certain other assets associated with the Pennyrile mine complex in
exchange for approximately $3.7 million, subject to certain adjustments (the
"Pennyrile Sale"). The Pennyrile Sale closed on March 13, 2020. Following the
closing purchase price adjustments, the total consideration received by the
Sellers was approximately $3.0 million.
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