Jordan Zaken, a Senior Partner at Apollo said, “We believe the long-term prospects for the global coal industry are highly compelling, and we are excited to partner with such experienced mining executives as Gary and the NRI team. We expect that our flexible capital base and contrarian focus, along with our management’s mining expertise, will provide our partnership with a differentiating advantage across the market.”
About NRI Management Group LLC
NRI is a Richmond, Virginia-based company focusing on acquisitions and investments in mining and mineral related assets worldwide. Please visit www.nriLLC.com for more information.
About Apollo Global Management, LLCApollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under management of approximately $110 billion as of September 30, 2012 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.