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| Published on 07.09.2009 |
| Earthstone Foundation Announces 'Adopt-A-Village' Program in Disaster Relief to 2009 Earthquake Victims in Indonesia |
A total commitment of IDR 100,000,000 to help address Immediate Relief Needs and Overall Reconstruction Efforts
Jakarta, September 07, 2009: Earthstone today announced that Earthstone Foundation, the corporate philanthropy organization of Earthstone, is launching a 'Adopt-a-village' program to rebuild one of the worst affected villages in the Tasikmalaya region during the recent Earthquake in Indonesia. The village will be identified in conjunction with the local government. On September 02, 2009, the powerful 7.0 magnitude Earthquake hit the Java Island, Indonesia, destroying homes of thousands of people in Indonesia. The death toll has risen to 59 and more than 400 people are injured, according to the National Disaster Coordinating Agency. The toll continues to rise, and the needs of survivors are many. The Earthstone Foundation is firmly committed to providing significant humanitarian assistance to the people. While our initial focus will be to provide relief in the immediate aftermath of this devastating tragedy, our commitment of IDR 100,000,000 will be utilized to rebuild the entire social infrastructure of the village. Construction of Houses, Schools, providing primary healthcare facilities, social facilities, vocational training to provide a means of livelihood for the villagers will be some of the key initiatives of this program. Commenting, Mr. Pankaj Shah, Chairman & CEO of Earthstone Group, said: "On behalf of Earthstone, I would like to express my deepest sympathies to all the people affected by this tragedy. As a responsible corporate citizen, Earthstone is committed to offering support to the people." About Earthstone Foundation: Earthstone Foundation is the corporate philanthropy organization of Earthstone Group. Through our Earthstone Foundation, we work with local partners in India, Africa and Indonesia on numerous projects in the fundamental areas of education, healthcare, women and children welfare, etc. For more details on our philanthropy initiatives, please log on to www.earthstonegroup.com About Earthstone Group: Earthstone Group is a diversified multinational Group with established presence in Mines and Minerals and developing interests in Energy, Roads, Airports, Ports, Rail Networks and other associated Infrastructure. Acting through its subsidiary companies the Group secured 100% Economic Rights in Coal, Iron Ore, Lead Ore and Manganese Ore properties in Indonesia. We are actively pursuing opportunities in a number of Asian and African countries for Cocking Coal, Uranium, Gold and Thermal Coal Mining. For more information, log on to www.earthstonegroup.com
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