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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL


Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of mineral properties.

According to Cooper's statement to its shareholders with an update on its thermal coal project in Pakistan, pursuant to the terms of the Option Agreement dated September 3, 2010 between Cooper and Mr. Gul Khan (“Gul”), Cooper and Gul have jointly formed a newly incorporated company AJK Coal Mining Company (Private) Ltd. (“AJK”) in Pakistan for the exploration and production of coal. The Cooper holds 60% ownership in AJK.

The statment further said, AJK has a 100% legal and beneficial interest in certain thermal coal property located within the Navel & Planna Village, and Karjai Village, Tehsil and District Kotli, State of Azad Jammu and Kashmir (AJK), Pakistan. The Property consists of 2,230 acres of land and an application for an additional 200 square kilometers.

“Prior to the Cooper’s option agreement with Mr. Gul Khan, test shipments of coal from the property were sold to a local cement plant owned by the Fauji Cement Company. The Fauji Cement Company used 1,128,258 MT of coal in its cement operations in 2010. The Cooper considers this as one of the potential coal customers in the area,” said, Simon Tam, President and Director of the Company.

Pakistan ranks seventh amongst the top twenty countries of the world so far as coal resources are concerned. 97% of coal reserves of Pakistan are of lignite rank and vast deposits of these occurs in AJK & Thar area, Cooper Minerals said. For more details regarding Cooper Minerals click here
Source:Cooper Minerals



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