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Published on 09.02.2010
Namibia: A New Quantum Leap in Earthstone Strategy

Windhoek, Namibia, February 10, 2010: Implementing approved corporate development strategy, the Management of Earthstone Group accomplished another important milestone: worked out and initiated execution of business expansion to another African state – Namibia. As an essential part of this effort, Mr. Pankaj Shah, Chairman & CEO, Earthstone Group and Mr. Hemanshu Mehta, President – Earthstone Group attended a working meeting that was granted to him by Prime Minister of Namibia, His Excellency Nahas Angula. During the conference at the Prime Minister’s office, Mr. Shah discussed Earthstone's desire to establish mining projects in this mineral-rich country.  Namibia is a well-known pro-mining state that recently had undertaken important measures to enhance its mineral resources policies. It seems that the new opportunities are emerging for conceivable cooperation between the Government of Namibia and Earthstone - spanning across various sectors of the economy; industrial sector development and job creation being the utmost important. Namibia historically had been receptive to mining investment – and possible role of Earthstone Group in this process had been discussed.


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