Mr. Pankaj Shah, the Chairman of Earthstone Group comments: "As each and every Corporation, conducting business in the area, Earthstone has worked out contingency plans for force majeure situations. While the safety of personnel is the utmost priority, we strive to provide for continuous operations that are conducted according to our Business Plan; to the most possible way we interact with local authorities as to help manage the disaster-stricken areas. Moreover our special philanthropy vehicle - the Earthstone Foundation is already working on assisting the needed in Indonesia".

Mr. Madhu Sarda, Head of Sales, Earthstone Group, notes: "In view of the magnitude of this tragedy, we at Earthstone Group would like to extend heartfelt condolences to all those impacted by the devastating earthquake. Our hearts go out to all who have lost loved ones and livelihoods, as well as our wishes for the speediest possible recovery to everyone in the affected area".

The company also confirms, that all staff members at operations sites across Sumatra region have been reported safe. As the situation permits, the company shall continue its on-going activities - extraction of iron ore and transportation as scheduled at Nalo Baru Tenement in Sumatra; as well as planned exploration efforts for all other projects in the Sumatra region. 

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 Coking Coal, Uranium, Gold and Thermal Coal Mining. For more information, log on to www.earthstonegroup.com