XML 25 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Note 10 - Related Party Transactions
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
RELATED PARTY TRANSACTIONS

NOTE 10—RELATED PARTY TRANSACTIONS

Mineral Lease and Surface Rights Agreements—Much of the coal reserves and surface rights that we control were acquired through a series of mineral leases and surface rights agreements with Ramaco Coal, LLC, a related party. Production royalty payables totaling $0.4 million and $0.5 million at March 31, 2020 and December 31, 2019, respectively, were included in accounts payable in the condensed consolidated balance sheet. Royalties paid to Ramaco Coal, LLC in the three months ended March 31, 2020 and 2019 totaled $1.2 million and $1.3 million, respectively.