NSL Consolidated has made significant progress at its phase two iron ore wet beneficiation plant at Kurnool in India’s Andhra Pradesh state. The company is set to commence feeding run-of-mine material grading between 25-35% iron into the plant in the coming week.
NSL aims to annually produce around 200,000 tonnes of iron ore product from the phase two wet beneficiation process.
The plant process flow optimisation is now generating good results utilising very low grade waste iron ore feed to test the process boundary limits. This has exceeded expectations, with full plant process beneficiating low grade iron ore waste from as low as 14% iron feed regularly to in excess of 62% iron and up to 65.3% iron.
NSL believes this testing further increases confidence in achieving the targeted 58–62% iron and a potential upside to the expected plant production grades.
The company has ramped up operability of the crushing and screening plant.
Further to this, NSL expects sales of the wet beneficiation plant product to commence this month, with multiple customer discussions at the final stages.
Given the positive optimisation results and imminent sales, NSL has commenced the process of ramping up production to a 24-hour operation to meet expected production and financial targets in the coming months.
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 feedstock for the phase two wet beneficiation plant.
Meantime, NSL has made further progress on the Binding Joint Venture Agreement for the establishment of a greenfield steel making plant in Andhra Pradesh with the state government allotting land for the project.
During a recent Confederation of Indian Industry and Andhra Pradesh partnership summit NSL spent time briefing the state government officials as to the status of its Indian operations. This included the Chief Minister of Andhra Pradesh, Chandrababu Naidu, in a formal one-on-one meeting and again in other various forms.
During this meeting and others held with state government officials, the Chief Minister expressed his delight and ongoing support for NSL in its progress and continued focus on assisting the development of the state, as did all other government officials.
Further to this meeting and as part of a formal signing ceremony, the Andhra Pradesh Industrial Infrastructure Corporation allocated 250 acres of land for a pellet plant and 750 acres of land for an integrated steel plant in Orvakal Industrial Hub, Kurnool District, to NSL Mining Resources India Pvt Ltd.