Canadian Cooper update on coal project in Pakistan

Vancouver: Cooper Minerals Inc., Tuesday said pursuant to terms of Option Agreement of September 3, 2010 between Cooper & Gul Khan, Cooper and Gul have jointly formed a newly incorporated company, AJK Coal Mining Company (Private) Ltd., in Pakistan for exploration and production of coal.

Company holds 60% ownership in AJK which has 100% legal and beneficial interest in certain thermal coal property located within Navel & Planna Village, and Karjai Village, Tehsil & District Kotli, AJK. Property consists of 2,230 acres of land and an application for additional 200 square kilometres.

Pakistan ranks seven amongst 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 of Sindh Province, a Company press release said.

Simon Tam, Company President said: “Prior to Company’s option agreement with Gul Khan, test shipments of coal from the property were sold to a local cement plant owned by Fauji Cement Company. Fauji Cement Company used 1,128,258MT of coal in its cement operations in 2010. Company considers this is one of potential coal customers in area. Management planned aggressive exploration program and will continue to update our shareholders as these plans develop.”

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