Kinder Morgan to add natural resources to portfolio
Jun 10, 2013 | 06:28 PM
| Thorsten Schier
NEW YORK Kinder Morgan Energy Partners LP is looking to diversify into natural resources with non-operating investments in coal and other mineral reserve properties and infrastructure, the company said June 10.
KMP will not actively engage in the mining of coal or other natural resources but will lease properties it acquires to various operators in exchange for royalty payments, the Houston-based company said. The lessees of the properties will manage any commodity price risk associated with the operations. ....
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