NSL Consolidated Ltd set to commission iron ore plant in India

28 November 2016

NSL Consolidated Ltd continues to progress the commissioning of its phase two iron ore wet beneficiation plant in India according to schedule.

Individual components are being load tested with water, with pumping through individual components occurring and ongoing.

In addition, full load commissioning with basic component is producing good results, with feed grade of approximately 20% iron beneficiated up to 57% iron.

This result provides further confidence in the process being able to achieve its desired high grade premium price product grading between 58-62% iron.

It is worth noting that normal run of mill feed grade only ranges between 25-35% iron.

The current commissioning schedule anticipates full load commissioning by the end of November.

Phase two is a wet beneficiation process, allowing NSL to produce a premium iron ore product grading between 58-62% iron at around 200,000 tonnes per annum.

The company has already successfully negotiated an offtake agreement for phase two’s iron ore product with the US$9 billion Indian global conglomerate, JSW Steel.

NSL is the only Australian or 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 at Kurnool.

The plant is serviced by two of its local mines nearby, Kuja and Mangal. These mines will also provide the feedstock for the phase two wet beneficiation plant.

Source – Proactive Investors