NSL Consolidated Ltd to start production at iron ore plant in India

03 October 2016

NSL Consolidated has commenced the plant commissioning program for its phase two iron ore wet beneficiation plant in Andhra Pradesh, India.

The commissioning of the wet beneficiation plant will allow NSL to produce a high grade iron ore product grading between 58-62% iron at around 200,000 tonnes per annum.

In March 2016, the company had entered into a wet plant supply agreement with Huate Magnetism, one of China’s premier beneficiation plant suppliers.

NSL has already negotiated offtake agreements for phase two’s high grade iron ore product with the US$9 billion Indian global conglomerate, JSW Steel Ltd.

NSL is the only foreign company to own and operate in India’s massive iron ore market and has an established dry processing plant operation for iron ore product.

The dry processing plant is serviced by two of NSL’s local mines nearby, Kuja and Mangal.

These mines will also provide the feedstock for the phase two wet beneficiation plant, which is on schedule for Q4 2016 positive cash flow.

Source – WMG