United Coal Holdings Ltd., has acquired two mining leases, AD262-65 (1792 acres) and AD1238-86 (257 acres) and has applied for 200 square kilometres explo- ration licence in the Kotli Coal district in Azad Jammu and Kashmir, Pakistan. Test shipments of coal from United Coal’s Mining leases have been 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. This is just one of the potential coal customers in the area. The coal reserves in Pakistan are estimated at over 183 billion tonnes. However, the measured or drill-proven reserves are estimated at 579 million tonnes. In Pakistan, nearly 80% of coal mines are being operated by small mine owners. Average annual coal production is 4.5 million tonnes, out of which more than 90% is consumed in the brick and cement industry. There is huge potential for growth and consolidation in the industry. World Coal Consumption World coal consumption is projected to increase to 7.6 billion tonnes in 2020. Coal use in developing countries of Asia alone is projected to increase by 2.4 billion tonnes. China is projected to add an estimated 180 gigawatts of new coal fired power generating capacity (600 plants of 300 megawatts each) by 2020 and India approximately 50 gigawatts (167 plants of 300 megawatts each) Coal Management Team Leader United Coal has hired Mr . Muhammad Khalid Pervaiz, a Pakistan resident, as project manager of its subsidiary, AJK Mining Company (PVT.) Ltd. Mr . Pervaiz graduated with a Bachelor of Science degree in mining engineering from Lahore University, Pakistan. In 1983, he obtained a Master of Science degree in mining engineering from the same university. In 1989, he earned a M.B.A. from Technical International University Missouri – USA, Lahore Campus. Mr. Pervaiz is the current President of The Institute of Mining Engineers in Pakistan and is one of the leading experts in the mining and mineral sector. He is also Chief Executive Geo of Minerals Khokhar Bala Coal Mines, Director of MIN TECH-Coal Mines, Director of Katha Digwell Coal Mines, Chairman of the Pakistan Mine Association and a mining consultant to various multinational and local organizations. Mr. Pervaiz holds the honourable distinction of the Khawaja Farid Award for outstanding achievements in mining. He was awarded the National Gold Medal by the Institute of Mining Engineers, Pakistan in 1985 as well as several other awards throughout his career. Mr. Pervaiz brings a vast amount of technical and practical knowledge to AJK. He has work experience in all parts of the country and has international experience working in various countries abroad. A decorated engineer carrying a global reputation, Mr. Pervaiz will be an invaluable member to the AJK mining team as it seeks to expand its asset base, not only in Pakistan but in other coal-producing regions in Asia as well. This document contains forward-looking information, including statements relating to the “expectations”, “intentions” or “plans” of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securi- ties filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this document. This document is not and does not constitute an Offering Memorandum under securities laws. TSX.V: UCL Frankfurt: JM6 OTC Pinksheets: CQPFF
United Coal Fact Sheet
Jul 16, 2015
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
United Coal Holdings Ltd., has acquired two mining
leases, AD262-65 (1792 acres) and AD1238-86 (257
acres) and has applied for 200 square kilometres explo-
ration licence in the Kotli Coal district in Azad Jammu
and Kashmir, Pakistan.
Test shipments of coal from United Coal’s Mining leases
have been 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. This is just one of the potential coal
customers in the area.
The coal reserves in Pakistan are estimated at over 183
billion tonnes. However, the measured or drill-proven
reserves are estimated at 579 million tonnes.
In Pakistan, nearly 80% of coal mines are being
operated by small mine owners. Average annual
coal production is 4.5 million tonnes, out of which
more than 90% is consumed in the brick and cement
industry. There is huge potential for growth and
consolidation in the industry.
World Coal ConsumptionWorld coal consumption is projected to increase to
7.6 billion tonnes in 2020. Coal use in developing
countries of Asia alone is projected to increase by 2.4
billion tonnes. China is projected to add an estimated
180 gigawatts of new coal fi red power generating
capacity (600 plants of 300 megawatts each) by 2020
and India approximately 50 gigawatts (167 plants of
300 megawatts each)
Coal Management Team LeaderUnited Coal has hired Mr . Muhammad Khalid Pervaiz, a Pakistan resident, as project
manager of its subsidiary, AJK Mining Company (PVT.) Ltd. Mr . Pervaiz
graduated with a Bachelor of Science degree in mining engineering from Lahore
University, Pakistan. In 1983, he obtained a Master of Science degree in mining
engineering from the same university. In 1989, he earned a M.B.A. from Technical
International University Missouri – USA, Lahore Campus.
Mr. Pervaiz is the current President of The Institute of Mining Engineers in Pakistan
and is one of the leading experts in the mining and mineral sector. He is also Chief
Executive Geo of Minerals Khokhar Bala Coal Mines, Director of MIN TECH-Coal Mines,
Director of Katha Digwell Coal Mines, Chairman of the Pakistan Mine Association and
a mining consultant to various multinational and local organizations.
Mr. Pervaiz holds the honourable distinction of the Khawaja Farid Award for
outstanding achievements in mining. He was awarded the National Gold Medal
by the Institute of Mining Engineers, Pakistan in 1985 as well as several other
awards throughout his career.
Mr. Pervaiz brings a vast amount of technical and practical knowledge to AJK. He has
work experience in all parts of the country and has international experience working
in various countries abroad. A decorated engineer carrying a global reputation, Mr.
Pervaiz will be an invaluable member to the AJK mining team as it seeks to expand
its asset base, not only in Pakistan but in other coal-producing regions in Asia as well.
This document contains forward-looking information, including statements relating to the “expectations”, “intentions” or “plans” of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including availability of funds, the results of fi nancing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identifi ed by the Company in its public securi- ties fi lings -- that may cause actual events to diff er materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. This document is not and does not constitute an Off ering Memorandum under securities laws.
TSX.V: UCLFrankfurt: JM6
OTC Pinksheets: CQPFF
MANAGEMENT:Simon Tam, President and Director
Craig Walker, Director
David H. Rankin MBA CFI, Director
United Coal Holdings Ltd. ( TSX- V enture: UCL &
Frankfurt Stock Exchange: JM6) is a exploration
resource company located in
Vancouver, Canada, engaged in the
acquisition and development of resource
properties. The Company’s principal mandate
is to acquire properties that have the potential
to become profi table near term producers.
United Coal is aggressively engaged in
the acquisition and development of resource
properties in the State of Azad Jammu and
Kashmir (AJK) in Pakistan. Pakistan is
encouraging the use of coal due to its lack of
oil and gas reserves and the relative abundance
of higher quality coal in AJK. There are vast local
markets to supply fuel for the concrete industry
and the production of electricity. Coal mining
contributes to the local economy and lessens
the demand to import foreign oil.
CONTACT: 3467 Commercial Street,Vancouver, British Columbia, Canada, V5N 4E8Phone: 604.871.9930 Fax: 604.871.9926 Email: [email protected]
SHARE STRUCTUREShares Issued 73,259,220
Fully Diluted 98,069,220
52 week high $0.29
52 week low $0.055
Related Documents
