Rhino Resources provides operational update for Rhino Western Rhino's Castle Valley operation continues to perform well and produced approximately 287,000 tons and sold approximately 301,000 tons during the fourth quarter. Castle Valley's sales remain fully contracted through 2016.
Rhino Resources provides operational update for Rhino Eastern Rhino completed an agreement to dissolve the Rhino Eastern joint venture with Patriot Coal. Patriot received the current Eagle mining operations and related coal reserves that had been previously owned and operated by the Rhino Eastern joint venture. Rhino received approximately 37M tons of premium metallurgical coal reserves not related to the Eagle mining area and a recoupable prepaid royalty balance that will provide value to Rhino when these coal reserves are mined in the future. Rhino anticipates the divestiture of the Rhino Eastern joint venture will improve the Partnership's cash flow by approximately $6M in 2015.