Earthstoneexploring      resources to         transform              tomorrowEarthstone Resources FZCCorporate Presentatio...
About Us 03 - 06Business Overview 07 - 16                                     contentsStrengths and Strategy 17 - 19Our Pr...
Earthstone                3About Us
About Us                                                                  Earthstone                                      ...
About Us                                                         Earthstone                                               ...
About Us                                                                                  Earthstone                      ...
Earthstone                        7BusinessOverview
Business Overview                                                             Earthstone                                  ...
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Earthstone                            17Strengthsand strategy
Strengths and Strategy                                         Earthstone                                                 ...
Strengths and Strategy                                                                      Earthstone                    ...
Earthstone                   20Our Projects
Our Projects                                                                                                     Earthston...
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Earthstone                               32Management Team
Management Team                                                                                                     Earths...
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Earthstone                                          37Sustainability Initiatives
Sustainability Initiatives                             Earthstone                                          38          ach...
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Our Sustainable Development                                               Earthstone                                      ...
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Earthstone                                           42Case study 1:Nalo Baru Iron Ore Project, Indonesia
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                                       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                                       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                      Earthstone       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                                       ...
Case study 1: Nalo Baru Iron Ore Project, Indonesia                                                                       ...
Earthstone                                        53Case study 2:Mansa Manganese Project, Zambia
Case study 2: Mansa Manganese Project, Zambia                                                Earthstone                   ...
Case study 2: Mansa Manganese Project, Zambia                                                                             ...
Case study 2: Mansa Manganese Project, Zambia                                                                           Ea...
Case study 2: Mansa Manganese Project, Zambia                                                Earthstone                   ...
Case study 2: Mansa Manganese Project, Zambia                                                                 Earthstone  ...
Case study 2: Mansa Manganese Project, Zambia                                                                             ...
Case study 2: Mansa Manganese Project, Zambia                                                                          Ear...
Earthstone                                              61Case study 3:Banten Zinc Project, Indonesia
Case study 3: Banten Zinc Project, Indonesia                                               Earthstone                     ...
Case study 3: Banten Zinc Project, Indonesia                                                                              ...
Case study 3: Banten Zinc Project, Indonesia                                                                              ...
Case study 3: Banten Zinc Project, Indonesia                                               Earthstone                     ...
Case study 3: Banten Zinc Project, Indonesia                                                    Earthstone                ...
Case study 3: Banten Zinc Project, Indonesia                                               Earthstone                     ...
Case study 3: Banten Zinc Project, Indonesia                                                     Earthstone               ...
Case study 3: Banten Zinc Project, Indonesia                                                          Earthstone          ...
Earthstone                                          70Case study 4:Musi Rawas Iron Ore Project, Indonesia
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                                      ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                         Earthstone   ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                       Earthstone     ...
Case study 4: Musi Rawas Iron Ore Project, Indonesia                                                              Earthsto...
Earthstone                                                                                                            81 P...
Earthstone                               www.earthstoneresources.comOur promise   With utmost respect to human values, we ...
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Earthstone Resources Corporate Presentation

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Earthstone Resources Corporate Presentation

  1. 1. Earthstoneexploring resources to transform tomorrowEarthstone Resources FZCCorporate PresentationJanuary 2011
  2. 2. About Us 03 - 06Business Overview 07 - 16 contentsStrengths and Strategy 17 - 19Our Projects 20 - 30Management Team 31 - 34Sustainability Initiatives 35 - 39 EarthstoneCase Studies 40 - 78
  3. 3. Earthstone 3About Us
  4. 4. About Us Earthstone 4 Accelerated evolution  We are part of a diversified Earthstone Group, involved in mining, infrastructure, energy and agriculture  Young company, which commenced its operations in mineral exploration and mining in 2008  Diverse product portfolio comprising bulk commodities, base metals, precious metals, gemstones and energy commodities  Extended footprint, spread across 13 countries of Asia and Africa through various subsidiaries  Extensive explorations remain top on the agenda; undertaken 31 green field projects (post-exploration) globally  Widely considered to be among Indonesia’s largest Iron Ore producers  Established over 200 million tonnes of reserves – o 179 million tonnes of Iron Ore o 36 million tonnes of Zinc & Lead o 10 million tonnes of Manganese
  5. 5. About Us Earthstone 5 Mind and mettle  To contribute significantly to the growth of Our Vision emerging economies and become worlds premier mining company by 2015  To acquire potential reserves and develop them into profitable mining assets Our Mission  To maximize value for our shareholders, our employees and our business and social partners through safely and responsibly exploring, mining and marketing our products
  6. 6. About Us Earthstone 6 Living by the code simple values. Harmony sensible action. Create and build a harmonious environment for all team members, act as a family, and treat all employees as part of it. Co-existence There is always enough room for all players to co-exist peacefully and excel. Honesty Be what you are and claim what you know represents our basic philosophy. We acknowledge our ignorance, which forms the basis of our strength. Superiority Deliver superior products and services to consumers and create superlative experience for our partners and stakeholders. Accountability Act responsibly by delivering ‘a value for money’ product to consumers and stakeholders.
  7. 7. Earthstone 7BusinessOverview
  8. 8. Business Overview Earthstone 8 Our Group Earthstone Group acts through its various subsidiaries and joint venture companies by controlling stakes in them through its offshore group holding company, Earthstone Holdings Ltd, a BVI (British Virgin Islands) company.
  9. 9. Business Overview Earthstone 9 Widening operations Earthstone Resources FZC has a number of subsidiaries through which operations are carried out in Africa and Asia. Earthstone Resources FZC Earthstone PT Earthstone PT Toaro ES Resources FZC PT Lamina Interia Resources Africa Resources Resources FZC Trading arm of Exploration Holding mining Holding mining Holding company Earthstone Iron Ore company focused rights for Zinc & rights for Iron Ore in which acquires Resources FZC on activities in Lead in Banten, Musi Rawas, various mining Indonesia, Asia Indonesia Indonesia concessions in Africa through its local subsidiaries Earthstone Resources Zambia Ltd. Earthstone Resources Namibia Pty. Ltd. Earthstone Resources Africa Guinea SARL Earthstone Resources Mozambique LDA. Earthstone Resources Mali Ltd. Earthstone Resources Gabon Ltd. Earthstone Resources Burkina Faso Ltd. Earthstone Resources (Tanzania) Ltd. Earthstone Resources Benin Ltd. Earthstone Mining Resources, South Africa
  10. 10. Business Overview Earthstone 10 Our products Bulk Commodities Iron Ore Coal Manganese Limestone Base Metals Zinc Copper Lead Nickel Precious Metals & Gemstones Diamond Emerald Gold Energy Commodities Uranium
  11. 11. Business Overview Earthstone 11 Our geographically diverse portfolio of operations & projects Iron Ore Coal Manganese Base Metals Emerald Uranium Limestone Diamond Gold Indonesia Indonesia Zambia Mozambique Zambia Mali Zambia Zambia Burkina Zambia Mali Indonesia Faso- Benin South Africa Zambia Mali Mali Mozambique Guinea South Africa Guinea Gabon
  12. 12. Business Overview Earthstone 12 Shared philosophy. Global partnership Independent, international consulting practice formed in 1974, offering services from exploration Geology & Mining through feasibility, mine planning, and production Consultants to mine closure for mining projects. Worked in more than 150 countries since 1947 as a consultancy to the mining, environmental, minerals, engineering and energy industries. Mining and Geological Consultants, founded in 1943, is one of the largest mining consulting firms of independent mining consultants, exclusively serving the domestic and international coal and mineral industries. Global provider of key technical and commercial services for exploration, mining and investment companies. Incorporated in 1994, a premier drilling services Drilling Contractors contractor.
  13. 13. Business Overview Earthstone 13 Milestones & Momentum Year 2008  Acquisition of our first  Acquisition of first tenement Manganese Ore in Malang, a  Cooperation Agreement with in Indonesia Coal project in Mentewe, two ICML, RPG Group, India to Iron Ore and two Coal projects in develop Coal mining business Sumatra January February March April May June July August September October November December  Incorporation of PT  Earthstone Uranium Earthstone Resources FZE formed  Acquisition of our first  Obtained four Iron Ore project in Nalo Uranium exploration Baru, Indonesia permits in Niger
  14. 14. Business Overview Earthstone 14 The journey& Momentum Milestones so far… Year 2009  Acquisition of 50% interest in two Iron Ore blocks in Indonesia  Active participation  Holdings CEO and in disaster relief  Exploration Chairman awarded the NRI effort in Sumatra started in Niger Institute Exceptional through “Responding on Uranium Entrepreneurial Achievers to help “and “Adopt a tenements Excellence Award Village programs” January February March April May June July August September October November December  Acquisition of Meulaboh  First successful  First  Acquisition of Zinc tenement Coal tenement production of shipment of (Indonesia) (Indonesia) Iron Ore in Nalo Iron Ore from  Expansion of Zambian business Baru Project Nalo Baru  Agreement executed operations – with the Project with Rains Group, India establishment of Earthstone  Sale of 25% (Indonesia) for sourcing of mining Resources (Zambia) Ltd. economic projects in interest stake in  Acquisition of exploration rights Laos, Myanmar and Banten project for Copper tenement Indonesia
  15. 15. Business Overview Earthstone 15 Milestones & Momentum Year 2010  One Direct Prospecting Licenses has been granted to  Expansion of Earthstone Group for Iron Ore, operations in and one for Base Metal in  Initiation of Tanzania Mozambique: Copper, Guinea, West African Region business in Gold mining Coal, Lead, Iron Ore January January February March April May June July August September October November December 2011  Earthstone’s  Expansion in Mali:  Setting up  Rigorous development of plan of Gold, Uranium, Coal, of Centralised Manganese project in expansion to Iron Ore Office in Mansa, Zambia West African Burkinfaso for region -Benin, West Africa  Sale of additional 25% Burundi, Operations economic interest stake Burkina Faso, in Banten project Guinea and Gabon for Gold and Manganese mining
  16. 16. Business Overview Earthstone 16 Financial solidity Revenue* (USD million) Net Profit Margin (%) 0 10 20 30 40 50 60 0 10 20 30 40 50 60 70 80 2008 2008 2009 2009 2010 2010 PAT (USD million) Operating Profit Margin (%) -10 0 10 20 30 40 0 20 40 60 80 2008 2008 2009 2009 2010 2010 Net Worth (USD million) -20 0 20 40 60 80 Investments worth USD 40 million 2008 made towards operations, including 2009 working capital. 2010 * Sale of economic interest in Banten Project worth 25 Million USD has been included in the revenues of 2009 & 2010
  17. 17. Earthstone 17Strengthsand strategy
  18. 18. Strengths and Strategy Earthstone 18 Robust realities  Aggressive and fast growing company  Rich parentage of Earthstone Group  Diverse product portfolio  Possession of excellent mining infrastructure  Numerous green field projects, resources and reserves  Wide global presence  Logical & well articulated strategies  Sound financial growth  Experienced management
  19. 19. Strengths and Strategy Earthstone 19 Poised for a big leap We are transforming present realities through the following strategies:  Develop small but high-grade precious and base metal mines  Invest in developing countries (rich in natural resources) lacking proper infrastructure  Build a group of diversified mining companies through M & A  Fund capital requirements and acquire majority stakes of local promising companies, supported by first generation entrepreneurs with business acumen, domain knowledge and liaison skills  Extend the life of each asset mine by converting resources to reserves  Employ advanced technologies to achieve optimum mining efficiency and increase production  Expand operating capital by using cost-effective means to finance initial operations
  20. 20. Earthstone 20Our Projects
  21. 21. Our Projects Earthstone 21 Our projects across stages Bulk Commodities - Iron Ore Area (in Resource Stage Country Location hectares) 1. Iron Ore Production Indonesia Nalo Baru 465 2. Iron Ore Development Indonesia Musi Rawas 1343 3. Iron Ore Exploration Benin Loumbou - Loumbou 25000 4. Iron Ore Exploration Zambia Chibombo, Kapiri, Mpushi 1192 5. Iron Ore Exploration Mali Bafoulabe, Secteur de Kalari 26000 Majestrial district of Lephalale, 6. Iron Ore Exploration South Africa 10615 Limpopo 7. Iron Ore Exploration Guinea Tinsou, NZerekore 22200 8. Iron Ore Exploration Gabon Mont Mbilan 10000 9. Iron Ore Exploration Gabon Milingi 12000 TOTAL 108815
  22. 22. Our Projects Earthstone 22 Our projects across stages Bulk Commodities - Coal, Manganese and Limestone Area (in Resource Stage Country Location hectares) 10. Coal Exploration Indonesia Kalimantan 5000 11. Coal Exploration Mali Cercle de Menaka, Region de Gao 282500 Majestrial district of Lephalale, 12. Coal Exploration South Africa 7099 Limpopo 13. Coal Exploration Mozambique Tete 19120 TOTAL 308719 14. Manganese Production Zambia Mansa 42074 TOTAL 42074 15. Limestone Exploration Zambia Hoimeyer 1200 TOTAL 1200
  23. 23. Our Projects Earthstone 23 Our projects across stages Base Metals - Copper, Lead and Zinc Area (in Resource Stage Country Location hectares) 1. Zinc & Lead Development Indonesia Banten 5036 TOTAL 5036 Copper (Primary), 2. Cobalt, Nickel & Exploration Guinea Kobikoro - Faranah, Kissidougou 13300 Silver 3. Copper Exploration Zambia Kasama 99770 4. Copper Exploration Zambia Kasama 99440 5. Copper Exploration Zambia Kasama 17970 TOTAL 230480 Copper, Lead and 6. Exploration Mozambique Manica Province 40420 Zinc Copper, Lead and 7. Exploration Mozambique Nampula, Muecate Province 66780 Zinc Copper, Lead and 8. Exploration Mozambique Nampula, Nacaroa Province 90200 Zinc TOTAL 197400
  24. 24. Our Projects Earthstone 24 Our projects across stages Precious Metal - Gold Area (in Resource Stage Country Location hectares) Kaye & Keneiba, Kayes Region, 1. Gold Exploration Mali 13600 Dinndinae Koulpelogo, Boulgou, Koulpelogo 2. Gold Exploration Burkina Faso 2463100 Province 3. Gold Exploration Burkina Faso Niare, Nayala Province 1515600 4. Gold Exploration Burkina Faso Ramse, Loroum Yatenga Province 1513600 5. Gold Exploration Burkina Faso Tcheriba Bales Mouhoun Province 25000 TOTAL 5530900
  25. 25. Our Projects Earthstone 25 Our projects across stages Precious Gemstones - Diamond and Emerald Area (in Resource Stage Country Location hectares) 1. Diamond Exploration Namibia Karasburg District, Southern Namibia 19745 TOTAL 19745 2. Emerald Exploration Zambia Kitwe 88 TOTAL 88 Energy Commodity - Uranium Area (in Resource Stage Country Location hectares) 1. Uranium Exploration Mali Kidal, Arafat 175000
  26. 26. Our Projects Earthstone 26 Capability and commitment Exploration Development Production 27 projects 2 projects 2 projects Iron Ore projects in Benin, Zambia, Musi Rawas Iron Ore Project, Nalo Baru Iron Ore Project, 1. Mali, South Africa, Guinea and Gabon Indonesia Indonesia Coal projects in Indonesia, Mali, South Mansa Manganese Project, 2. Banten Zinc Project, Indonesia Africa and Mozambique Zambia, Africa 3. Limestone projects in Zambia Copper projects in Guinea and 4. Zambia 5. Base metals projects in Mozambique 6. Diamond projects in Namibia 7. Emerald projects in Zambia 8. Gold projects in Burkina Faso & Mali 9. Uranium projects in Mali
  27. 27. Our Projects Earthstone 27 Our worldwide exploration initiatives Consultancy Type of study Area Ore Time period Findings 2.2 million tonnes of Gold IMC-SRG Consulting Reconnaissance Morogoro area, 1. Gold June 2010 with an average (P) Ltd. survey Tanzania quality of 4.28 PPM M/s. CV Mandela, 36 million tonnes 2. IP survey Banten Zinc July 2009 Bandung of reserves Mozambique, Due diligence South Africa and 3. Salva Resources and feasibility Iron Ore & Coal - - other countries in study West Africa SRK Consulting Pvt. 4. Due diligence Benin Iron Ore - - Ltd., Kolkata Iron Ore, In-house team of Manganese, Geologists, Chemists, Geological 5. West Africa Tantalum, Bauxite, - - Surveyors & Mining investigations Gold & other Engineers deposits In-house centralized Geochemical Various Ore 6. laboratory in Burkina West Africa - - analysis samples Faso Institute of 174 million Iron Ore 7. Technology (IT), Magnetic Survey Nalo Baru Mine Feb-April ‘09 tonnes of Bandung, Indonesia reserves 8. PT Max Drill Diamond Drilling Nalo Baru Mine Iron Ore Sept09 to Dec10 -
  28. 28. Our Projects Earthstone 28 Our worldwide exploration initiatives Consultancy Type of study Area Ore Time period Findings IMC-SRG Consulting Reconnaissance Morogo Area, 9. - - - (P) Ltd Survey Tanzania IMC-SRG Consulting Report is under 10. Bafoulable, Mali Iron Ore Jan 2011 - (P) Ltd preparation IMC-SRG Consulting Reconnaissance 11. Tinsou, Guiena Iron Ore - - (P) Ltd Survey Reconnaissance Madekali, 12. Salva Resources Iron Ore - - Survey Loumbou, Guene Reconnaissance SRK Consulting Pvt. 13. survey to start in Burkina Faso Gold - - Ltd Feb ’11
  29. 29. Our Projects Earthstone 29 Growth through extensive exploration programs 0 200 400 600 800 1000 1200 1400 1600 1800 Iron Ore Coal Manganese Limestone Zinc & Lead Copper Base Metals Gold Existing Operations Expansion Brown Field Projects Green Field Projects (Reserves & Resources in million tonnes)
  30. 30. Our Projects Earthstone 30 Growth through extensive exploration programmes 0 10 20 30 40 50 60 Drilling meters (000) Annual Investment (USD million) Actuals 2008:2010 Planned 2011
  31. 31. Our Projects Earthstone 31 Project snapshot Estimated Area (in Mine Life Project Location Stage Resources Till date status hectares) (in years) (in MT) Nalo Baru, Jambi  700000 tonnes Nalo Baru Iron 1. Province (Sumatra), Production 465 164 20 produced Ore Project Indonesia  1430 meters drilled Banten Province Banten Zinc (225 kms from 2. Development 5020 36 30 1048 meters drilled Project capital city Jakarta), Indonesia Musi Rawas, Expected to receive the Musi Rawas Iron 3. Sumatra province, Development 1150 15 15 production forest Ore Project Indonesia clearance by April11 Mansa Mansa, Zambia,  10000 tonnes produced 4. Manganese Production 42074 10 30 Africa  3570 meters drilled Project
  32. 32. Earthstone 32Management Team
  33. 33. Management Team Earthstone 33 Founder Chairman and Chief Executive Officer ” Mr. Shah is a strategic investor across diverse sectors (telecom, real estate and media), thanks to his deep insight of global economies. His vision and foresight has Pankaj N. Shah ” enabled him to create an attractive bouquet of private Founder Chairman & Chief Executive Officer equity investments in Indian SMEs.  A multifaceted personality with immense entrepreneurial acumen  An investment banker, entrepreneur, venture capitalist and a financial strategist  One of the foremost advocates of the importance of small and medium enterprises (SME) in global economic growth  Over 19 years of financial experience, combined with experience in the minerals development industry  Received high accolades for running (2005-07) successful investment banking business based in India, but operating internationally Mr. Shah is a strategic investor across diverse sectors (telecom, real estate and media), thanks to his deep insight of global economies. His vision and foresight has enabled him to create an attractive bouquet of private equity investments in Indian SMEs. Mr. Shah is currently involved in growing and expanding an international financial holding with a focus on Asia and Africa. While setting up an entirely new operational matrix in South-East Asia, Mr. Shah executed his skills in mediation and problem solving. He spearheaded and successfully implemented an ongoing recruitment programme to hire and effectively train all personnel; was a key creator in development and implementation of improved policies and procedures, resulting in enhanced efficiency and productivity. His expertise in spearheading a multi-cultural working environment has resulted in high attractive returns for his endeavours.
  34. 34. Management Team Earthstone 34 Our Organization Executive Management Sharata Naik President VP Corporate Pandu Ellur Dinesh Kumar VP Human VP VP Business Vladimir Kuznetsov VP Mining Finance VP - Finance VP - Legal Resources Explorations Development VP – IR & PR Govind Swamy Bhanu Ellur Legal Manager HR Manager Head Buldansyah AVP AVP Quality Accounts Indonesia - Indonesia - Indonesia Iron Ore AVP - BD Sales Assurance (Indonesia) Bharat Thapa Head Ganesh Legal Manager HR Manager BP Sinha Admin Indonesia Coal Sunwane QA - Africa - Africa Arul Rajamani AVP Mining - Indonesia AVP - BD (Nalu Baru) Prashant Shah Head (West Africa) Selva Accounts & Admin – Base Raju Buchi Kumar QA – West Africa Metals AVP Mining West Africa (Banten) Aditya Chaturvedi AVP - BD QA – Head Southern Accounts & Admin – (Indonesia) Gold AVP Mining Africa Southern Africa (Musi Rawas)
  35. 35. Management Team Earthstone 35 Executive Management Hemanshu Mehta Global Managing Director  Co-Founder of Earthstone Holdings, Ltd.  Entrepreneur with over 10 years experience in Project Management and Government Liaison  A proven leader in operations and strategic directions  Accomplished verifiable success achieving profit, revenue and business growth objectives  Retains an in-depth ability to define and document issues, project objectives, strategies and products, draft project budgets and related contracts  Has been instrumental in all stages of Earthstone’s development - building strategic business relationships, delivering on customer commitments and achieving good returns Raju Lalchandani Managing Director - African Region  Closely linked with transnational African communities; noted expert in African Business  Proven execution expertise in sizeable transactions for multiple clients  In-depth knowledge and vast experience catalyses Earthstone’s African operations Sharata Kumar Naik Director - Mining  Over 17 years of experience (mining exploration, operations, management and process improvement)  Held top management positions with CHEMAF, DRC; Indo Minerals & Metals, Macedonia; Vedanta Resources, Plc., India  Contributed substantially towards a successful commencement of Earthstone’s mining operations in Indonesia, Zambia and Tanzania
  36. 36. Management Team Earthstone 36 Executive Management Pandu Ellur Director - Finance  Chartered Accountant with 8 years experience in Finance/Accounts and MIS  Proven track record for enhancing revenues through effective collection techniques  Well versed with modern accounting systems and experience of working in a computerized environment  Was associated with Oracle, Sharaf Retail Group, Dubai & Bahrain and with various mining companies Dinesh Kumar Director - Legal  An International Attorney and Head of Legal Affairs in the Group’s legal department  A member of this group, Dinesh is currently representing all of the companies within the group in several countries such as Indonesia, Dubai, Tanzania, Zamibia, and India. Dinesh is also a member of the Indonesian Advocate Association and is admitted to practice law in the Republic of Indonesia Vladimir Kuznetsov Director - Investor Relations  Has diverse knowledge of investment management in multiple operational environments, including joint ventures, IPOs, start-ups, turnarounds and divestitures  Extensive exposure to cross-cultural practices and international business protocols, particularly in Europe, Africa, Asia Pacific and North America, through frequent travel and residency; previously served as the President & CEO of IPORUSSIA, Inc. (a U.S. publicly trading company)
  37. 37. Earthstone 37Sustainability Initiatives
  38. 38. Sustainability Initiatives Earthstone 38 achieving more together
  39. 39. Sustainability Initiatives Earthstone 39 Healthcare  Help improve the health, hygiene and well- being of people and communities  Our Health Program, ‘Improving the Health of the World’s Poorest People’ helps address health issues of the disadvantaged Environment  Greening the mining vicinity  Conserving energy and water
  40. 40. Our Sustainable Development Earthstone 40 Education Empowering children and youth through the following initiatives:  ‘Learn, Empower and Lead - Earthstone Worldwide Scholarship Program’ is focused on helping poor bright students to attain higher education  ‘Design Your Child’s Future - Employee Children Scholarship Grant Program’ for the employees of Earthstone Group to select the right education pattern for their children  ‘Shape your Future with Earthstone - International Internship Program’ for mining and geology undergraduates and post-graduates to give them the unique opportunity to experience the world of mining on ground and start their career
  41. 41. Our Sustainable Development Earthstone 41 Disaster relief programmes  Providing basic amenities to disaster victims globally  Supported earthquake survivors of Sumatra, Indonesia in 2009 through ‘Responding to Help’ and ‘Adopt-a-village’ programmes Safety  Promoting a culture of compliance and material risk management through safety observations and field leadership, resulting in zero fatalities
  42. 42. Earthstone 42Case study 1:Nalo Baru Iron Ore Project, Indonesia
  43. 43. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 43 Nalo Baru Iron Ore Project
  44. 44. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 44 Overview Location Nalo Baru, Jambi Province (Sumatra), Indonesia Status Production stage Acquisition April 2008 Initiation of Green Field Project July 2008 Commencement of mining operations March 2009 First shipment of Iron Ore August 2009 Magnetite Iron Ore reserves (of grade +60% Fe) 164 million tones Area 465 hectares Mine life 20 years License License No 381/2008 for 10 years till 2018 Drilling till date Over 1430 meters Production till date 0.7 million tones Annual estimated production in next three years 3 million tonnes per annum Allocated budget 1 Billion IDR Investment till date 30 million USD Gross revenue till date 41.2 million USD Export markets China, Korea
  45. 45. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 45 Other features  Advanced mine site production facilities  Allocated budget of 1 Billion IDR for exploring potential mining reserves in mine area vicinity  30 truck fleets for transportation from mine site to port  Processing plant and quality laboratory constructed  More than 300 employees and contractors
  46. 46. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 46 Geological map
  47. 47. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 47 Geo Magnetic Anomaly map Project Area is showing various Mining Blocks
  48. 48. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 48 Project terrain Top Soil (OB) Siliceous Clay Ore Body
  49. 49. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 49 Magnetic Anomaly map
  50. 50. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 50 Detailed Exploration Programme Over 1430 meters have been drilled till date
  51. 51. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 51 Sample chemical analysis % Total Fe %FeO %SiO2 %AI2O3 %TiO2 %S 1. 58.82 4.45 6.99 3.95 0.35 0.03 2. 59.35 8.72 7.70 3.65 0.31 0.02 3. 60.30 6.60 8.60 3.47 0.25 0.04 4. 61.58 6.45 5.92 3.44 0.27 0.03 5. 62.33 6.16 6.12 2.95 0.21 0.02 6. 63.08 6.08 5.49 2.66 0.16 0.02 7. 64.37 7.06 5.28 2.36 0.15 0.03 8. 63.45 6.45 4.75 2.66 0.19 0.03 9. 64.97 5.45 3.41 2.42 0.15 0.04 10. 65.65 6.83 3.81 2.47 0.16 0.02 11. 66.07 4.41 3.56 2.15 0.16 0.04 12. 67.33 7.45 3.28 2.08 0.12 0.02 13. 67.50 4.40 3.18 1.97 0.14 0.03 14. 68.15 6.57 3.46 1.66 0.11 0.04 15. 68.18 4.39 2.20 1.47 0.08 0.02
  52. 52. Case study 1: Nalo Baru Iron Ore Project, Indonesia Earthstone 52 Mining output & process Processing Plant (Bangko) Padang Stockpile 324 kms Mine (Nalo Baru) Padang Port 34 kms 3 kms Dry Screening & Stacking of Lumps & Crushing Fines Production Calibrated Ores (+10mm to - Prospecting 30mm) & Fines Loading of Lumps (<10mm) & Fines OB Removal Drilling / Blasting Quality Monitoring ROM handling Dozing Loading / Hauling
  53. 53. Earthstone 53Case study 2:Mansa Manganese Project, Zambia
  54. 54. Case study 2: Mansa Manganese Project, Zambia Earthstone 54 Mansa Manganese Project
  55. 55. Case study 2: Mansa Manganese Project, Zambia Earthstone 55 Overview Location Manza, Zambia, Africa Status Production stage Commencement of mining operations January 2010 First shipment of Manganese Dioxide March 2010 Estimated reserves 10 million tonnes Area 42074 hectares Quality of Ore 48 to 54% Mn License License No 381/2008 for 10 years till 2018 Drilling till date Over 3570 meters Production till date 10000 tonnes Annual estimated production in next three years 60000 tonnes per annum Investment till date 2.5 million USD Export markets India, China
  56. 56. Case study 2: Mansa Manganese Project, Zambia Earthstone 56 Other features  Transformed from a green field to a brown field project  Ambitious exploration programme for conducting Geophysical Survey followed by shallow diamond drilling to delineate the various ore bodies within the concession areas  Currently, three mining sites are operational  Expected 30-year mine life  30 truck fleets for transportation from mine site to port  Advanced Laboratory is under final stages of construction  200 employees are involved at the sites
  57. 57. Case study 2: Mansa Manganese Project, Zambia Earthstone 57 Geological map
  58. 58. Case study 2: Mansa Manganese Project, Zambia Earthstone 58 Mining operations Manganese Vein At the Manganese Stockpile in Mansa Manganese Noodles
  59. 59. Case study 2: Mansa Manganese Project, Zambia Earthstone 59 Drilled area We have so far drilled 3570 meters at the four mining concessions: Lumanva, Kasakular, Lubakira & Fitabolo mines through DTH and Core Drilling till date.
  60. 60. Case study 2: Mansa Manganese Project, Zambia Earthstone 60 Mining process Serenge Railway Yard Dar-e-salam Port Mine (Mansa) 1450 kms 70 kms Stacking of Ore Loading of wagons Stockyard (Mansa) Loading for shipment Prospecting Open Pit Excavation 1800 kms Drilling & Blasting Manual Stacking Dozing Loading / Hauling Stacking of Ore
  61. 61. Earthstone 61Case study 3:Banten Zinc Project, Indonesia
  62. 62. Case study 3: Banten Zinc Project, Indonesia Earthstone 62 Banten Zinc Project
  63. 63. Case study 3: Banten Zinc Project, Indonesia Earthstone 63 Overview Location Banten Province, Jakarta Status Development stage IP Survey and Geological Mapping in Bandung July 2010 Estimated reserves 36 million tonnes of Zinc and Lead Concession area 5020 hectares Zinc and Lead Ore contents 5 to 7% Drilling till date 1048 meters Allocated budget 2.5 million USD
  64. 64. Case study 3: Banten Zinc Project, Indonesia Earthstone 64 Other features  Excellent infrastructure facilities (water, electricity, road, among others)  Andesitic Intrusions in Cikotok formation forms the host for Zinc and Lead mineralization  Drilling to be completed by the end of first quarter of 2011
  65. 65. Case study 3: Banten Zinc Project, Indonesia Earthstone 65 Geological map
  66. 66. Case study 3: Banten Zinc Project, Indonesia Earthstone 66 Morphology of the concession area  The concession area, spread over 5020 hectares, is a part of the Gold, Zinc and Lead mineralization area in Cikotok  It consists of a number of hill ranges having moderate to steep slopes, and large volcanic rocks  Mineralization is confined to top portions of hill ranges  The average MSL is 600-900 meters
  67. 67. Case study 3: Banten Zinc Project, Indonesia Earthstone 67 Geological map & lithology  Regionally, the concession is part of Cikotok formation (Eocene-Miocene) known as the main gold bearing formation in West Java since Dutch colonialism  The concession is located close to a very famous gold mine, Cikotok Mine, and a number of base metal – related gold prospects take place such as Cibaliung, Cikatomas, Ciemas, Pongkor  Three lithological units that have been identified during the survey comprise dacitic rock, clay stone and tuff. Dacite Clay Tuff
  68. 68. Case study 3: Banten Zinc Project, Indonesia Earthstone 68 Estimated reserves Total estimated reserves of 36 million tonnes of Zinc and Lead
  69. 69. Case study 3: Banten Zinc Project, Indonesia Earthstone 69 Sample chemical analysis Sample No. Ag (PPM) %Pb %Zn 1. CKT01 15 - 5.60 2. CKT02 1 - 24 3. CKT03 6 - 5.85 4. CKT05 <1 - 6.59 5. CKT06 30 1.01 2.15 6. CKT07 11 - 5.15 7. CKT08 <1 - 5.48 8. CKT09 72 2.35 6.45 9. CKT11 18 - 8.27 10. CKT12 11 0.84 1.94 11. CKT14 19 1.72 - 12. CKT16 16 1.09 1.99 13. CKT24 6 - 1.09 14. CKT25 6 - 2.52 15. CKT26 16 - 1.41 16. CKT27 56 - 7.73
  70. 70. Earthstone 70Case study 4:Musi Rawas Iron Ore Project, Indonesia
  71. 71. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 71 Musi Rawas Iron Ore Project, Indonesia
  72. 72. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 72 Overview Location Musi Rawas, Sumatra province, Indonesia Status Development stage Annual production target 1 million tonnes Estimated reserves 15 million tones Mine life 15 years Allocated budget 12 million USD
  73. 73. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 73 Other features  Project to be a conventional open pit operation  Mining to commence in the third quarter of 2011
  74. 74. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 74 Mineralization & Resources
  75. 75. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 75 Resources map
  76. 76. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 76 Transverse map
  77. 77. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 77 Forestry map
  78. 78. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 78 Geology & Mineralization map
  79. 79. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 79 Topography map
  80. 80. Case study 4: Musi Rawas Iron Ore Project, Indonesia Earthstone 80 Sample chemical analysis Sample ID %Fe (tot) %SiO2 %S 1. MAJ 01 66.03 4.13 0.11 2. MAJ 02 68.36 2.70 0.15 3. MAJ 03 67.23 4.33 0.13 4. MAJ 04 70.42 0.95 0.02 5. MAJ 05 69.45 1.24 0.02 6. MAJ 016 69.19 1.96 0.02 7. 893 69.13 1.52 0.11 8. TND 15 68.34 1.88 0.02 9. TND 22 70.43 1.66 0.02 10. 885 70.01 1.06 0.05 11. 891 69.23 1.80 0.02 12. 897 70.48 2.28 0.05 13. 907 68.56 2.78 0.02 14. 911 69.98 0.49 0.02 15. 915 69.59 2.09 0.02
  81. 81. Earthstone 81 PresenceDubai Guinea MaliEMEA Headquarters Quartier Almamya, Commune de Bamako Djelibougou Rue 220 PorteEarthstone, Dubai Kaloum, Conakry, Guinea 235, MaliP.O. Box 5480, Fujairah, UAE Namibia BeninIndonesia PO BOX 24304, CarreNumero 355-356 QuartierMenara Prima, 26th Floor, Suite 38 Church Street, Windhoek, Namibia SCOA - GBETO26AJl.Lingkar Mega Kuningan, MaisonMadinathChabiBlock 6.2 Jakarta Selatan 12950,Indonesia Mozambique 05, BoltePostaleNumero 2539 Av. Ahmed Toure N 2671 R/C Cotonou, BeninTel: +6221 5794 7795/6 Maputo, Mozambique Burkina FasoZambia AV Kwamen KrumahImm. Obouf34 Millennium, Tanzania Ouagadougou 01, Burkina FasoVillage Lusaka, Zambia Room No. 0218, 2nd Floor, Lida House, Nkrumah Street,Gabon P.O.Box 24281,Centreville Dar Es Salaam, Tanzania(immeubleSomatem 6 etage )Libreville, B.P 6369, Gabon
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