Cooper Minerals, Khan form coal E&P company Cooper Minerals, Khan form coal E&P company2011-08-30 09:12 ET - News ReleaseMr. Simon Tam reportsCOOPER PROVIDE UPDATE ON THE THERMAL COAL PROJECT IN PAKISTANCooper Minerals Inc. would like to provide its shareholders with an update on its thermal coal project in Pakistan.Pursuant to the terms of the option agreement dated Sept. 3, 2010, between Cooper and Gul Khan, Cooper and Mr. Khan have jointly formed a newly incorporated company, AJK Coal Mining Co. (Private) Ltd., in Pakistan for the exploration and production of coal. The company holds 60-per-cent ownership in AJK. AJK has a 100-per-cent legal and beneficial interest in certain thermal coal property located within the Navel and Planna villages, 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 additional 200 square kilometres.Pakistan ranks seven among the top 20 countries of the world so far as coal resources are concerned. Of the coal reserves in Pakistan, 97 per cent are of lignite rank and vast deposits of these occur in the AJK and Thar area.Simon Tam, president of the company, stated: "Prior to the company'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 million tonnes of coal in its cement operations in 2010. The company considers this is one of the potential coal customers in the area. Management has planned an aggressive exploration program and will continue to update our shareholders as these plans develop.