Australia's junior explorers - The ASIA Miner
Share Embed Flag
Download ePaper

Australia's junior explorers - The ASIA Miner

Australia's junior explorers - The ASIA Miner Australia's junior explorers - The ASIA Miner

asiaminer.com
from asiaminer.com More from this publisher
07.12.2012 Views

First sales into domestic market NSL Consolidated has sold its first iron ore ex-gate into the Indian domestic market with the Australian-based outfit becoming the only foreign company to own and operate iron ore mines in India. Construction and commissioning of the phase 1 Kurnool iron ore dry separation plant continues on time and budget as NSL finalizes optimization of the process capable of producing up to 58% iron grade ore. The first ex-gate sale was achieved in May and NSL expects a gradual ramp up in production and sales tonnages towards the targeted phase 1 annual production capacity of 200,000 tonnes during the third quarter. Final commissioning on the dry separation cir cuit was expected to occur before June 30. The phase 2 wet beneficiation plant, which is capable of producing final product grades of between 58-62% ir on, will be brought into operation later in 2012 with completion and anticipated sales in the first half of 2013. This is targeted to incr ease annual production capacity by an additional 200,000 tonnes to 400,000 tonnes. The Kurnool stockyard is a 4.85 hectar e industrial site within the south-eastern Indian state of Andhra Pradesh. As well as the ir on source at the nearby Mangal mine, the plant is also adjacent to NSL’s existing Kuja iron mine. NSL’s managing director Cedric Goode says, “Domestic demand and pricing for iron ore remain particularly strong and NSL has recei- Operations at one of NSL’s iron ore projects in southeast India. ved numerous approaches from industry players seeking to secur e off-take from the Kurnool project. “This is a significant milestone for NSL, as we have had to overcome many challenges to become the first for eign iron ore producer in India,” he says. “Our journey is only just commencing, as we progress through completing phases 1 and 2, to utilizing our experience and actual performance to lift NSL to its desir ed 1.5 million tonne per annum target by the end of 2014. “This target will be possible through bolt on wet and dry separation plants to increase output, together with sourcing additional ore feed through strategic acquisitions and supply agreements. “With the increase in funds being allocated to infrastructure projects, Indian domestic steel production is expected to increase from 77 million tonnes to 200 million tonnes by 2020. The company looks for - ward to making its contribution as part of this growth.” NSL’s plan for phases 3 and 4 incorporates 1.5 million tonnes annual throughput by the end of 2014 aided by acquisition of a thir d project, Karimnagar, which has an exploration target of 62 million to 125 million tonnes of magnetite at grades of 20-50% iron. This project represents a ‘second generation’ for NSL in India with significantly larger potential than the Mangal and Kuja mines. The company is also seeking other iron opportunities in India. India July/August 2012 | ASIA Miner | 43

logo

products

Resources

Company

Terms of service
Privacy policy
Cookie policy
Cookie settings
Imprint
Change language
Made with love in Switzerland
© 2024 Yumpu.com all rights reserved

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!