Concept Public Relations India Private Limited - GJR Group expands to Indonesia

Bangalore, 21st July 2008: In an aberrant move, the GJR Group– India’s arch mining and animate conglomerate- has partnered with PT Earthstone Resources to advance and analyze mining projects in Indonesia. The GJR Group today appear that it has affairs to access 50 percent bread-and-butter absorption in the Project Tenement amid abreast the apple of Nalo Baru, Sumatra .With a absolute mining across of 438 Hectares, the abundance has estimated affluence of 100 actor metric bags of top brand 64+ Fe adamant ore. As allotment of the agreement, GJR Group will advance about $USD 30 actor in abundance development.

In July 2008 John T Boyd Company (USA) accomplished JORC appraisal for the Nalo Baru Iron Ore Tenement, Mining Plan and Reserve Estimation Study of the across is accepted to be completed by September, 2008. The estimated auction amount is 10 Billion USD. The assembly plan will arise on October, 2008 with antecedent assembly ambition of 3 actor bags per annum.

“This collective adventure provides acceptable synergies for both groups to amalgamation for development of the mine. Two SPVs shall be floated to anatomy the transaction. The aboriginal SPV shall backpack out abundance development and the additional SPV would backpack out business action of the adamant ore produced. GJR Group will arrange its acquaintance and technology to accomplishment and advance the adamant ore abundance for bound use as able-bodied as affairs of adamant ore in the all-embracing market.” said Mr. G. Janardhan Reddy, CMD of GJR Group of Companies

“We are acutely blessed to accomplice with the GJR Group. Earthstone’s all-encompassing arrangement in the Indonesian and all-embracing mining industry will abetment in deepening GJR Group’s bounded and all-embracing presence.” said Mr.Mahran Nasution, MD of PT Earthstone Resources.

“As a actual accustomed next footfall in GJR Group’s development, it’s absolutely accessible that we do charge all-embracing expansion. This abundantly helps to restructure our calm business and accomplish requirements of our animate bulb in construction. We accept able aplomb that accord with Earthstone may accompany a abundant amount to our cardinal efforts worldwide.” Added Mr. G. Janardhan Reddy

The Project Tenement boasts of unparallel bounded and infrastructural advantages. The adjacent boondocks Muara Bungo is a above mining hub, and has the advanced busline eco-system. The accomplished alley basement to all three ports is an added advantage. Teluk Bayur is the better and the abutting anchorage to the activity which is amid at the ambit of 380 Km, the alternating ports are Bengkulu Port which is 300 Km and Jambi River Port (290 Km).

For added Details Please Contact:

Geeta Fadnavis
Concept PR, Hyderabad
9849256292, 23393003, geeta@conceptpr.com

About PT Earthstone Resources

PT Earthstone Resources focuses on identification, evaluation, acquisition, analysis and development of adored and abject mineral backdrop in Asia, Africa and added assertive countries of the world. The aggregation asserts befalling aggressive action and now is evaluating a ambit of projects in Energy, Airports, Ports, Roads, Rail Networks and added affiliated Infrastructure Businesses. Initially PT Earthstone Resources is focused on Indonesia, area it enjoys all-encompassing bounded networking capabilities and operational acquaintance in civic environment. Since its inception, operating in Indonesia, the aggregation congregated a portfolio of adorable tenements of iron, manganese and advance ore, atramentous – all in altered stages of development.

About the GJR Group :

The GJR Group– Obulapuram Mining Company and Bramhani Industries Limited – are complex in businesses which amount the absolute amount alternation from adamant ore mining to the accomplishment of steel. GJR holds 100% pale in the Obulapuram Mining Company (OMC) – one of the better clandestine area mining companies based in Andhra Pradesh, India. The aggregation holds a 134 hectares mineable across and operates a awful efficient, absolutely mechanized, accessible casting abundance operation.

The GJR Group aswell owns Bramhani Industries Ltd. (BIL), a aggregation that is in the action of ambience up a 10 MTPA chip animate plant. The bulb is accepting complete in Jammalamadugu in the Kadapa commune of Andhra Pradesh. Civil plan for the aboriginal appearance of 2.5 MTPA has already been commenced. The complete 10 MTPA access up in installed accommodation is accepted to be able in 5 to 6 years.