NSL Achieves First Iron Ore Sales During Commissioning Process
(firmenpresse) - NSL Achieves First Iron Ore Sales During Commissioning Process
18 May, 2012
HIGHLIGHTS
First ex gate iron ore sales achieved to domestic customer
Phase 1 dry separation circuit remains on time and budget
Staged commissioning and optimisation continues
Sales to commence ramping up
The Directors of NSL Consolidated Ltd (NSL or Company) are pleased to report the Company has now sold its first iron ore ex gate into the Indian domestic market.
The first iron ore sales represent a historic milestone for Perth-based NSL in its transition to “producer” status, 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 the Company finalises optimisation of the process capable of producing up to 58% Fe grade ore.
The Company expects a gradual ramp up in production and sales tonnages from now, towards the targeted Phase 1 production capacity of 200,000 tonnes per annum in the third quarter. Final commissioning on the dry separation circuit is expected to occur prior to June 30, 2012.
The Phase 2 wet beneficiation plant which is capable of producing final product grades of between 58-62% Fe, will be brought into operation later in 2012 with completion and anticipated sales in the first half 2013. This is targeted to increase production capacity by an additional 200,000 tonnes per annum to 400,000 tonnes per annum.
Domestic demand and pricing for iron ore remain particularly strong and NSL has received numerous approaches from industry players seeking to secure 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 foreign iron ore producer in India.”
“Our journey is only just commencing, as we progress through completing Phases 1 and 2, to utilising our experience and actual performance to lift NSL to its desired 1.5 million tonne per annum target by the end of 2014. This target being 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 forward to making its contribution as part of this growth.” NSL’s Managing Director, Mr Cedric Goode, said today.
The Company’s Kurnool stockyard is a 12 acre industrial site within the south-eastern Indian state of Andhra Pradesh. As well as the iron source at the nearby Mangal mine, the plant is also adjacent to NSL’s existing Kuja iron mine.
CONTACT:
Cedric Goode
NSL Consolidated
0400 408 477
Kevin Skinner
Field Public Relations
(08) 8234 9555 / 0414 822 631
Leseranfragen:
NSL Consolidated Ltd.
21 Teddington Road,
Burswood, Western Australia,
Australia, 6019
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Datum: 18.05.2012 - 09:05 Uhr
Sprache: Deutsch
News-ID 148010
Anzahl Zeichen: 3301
contact information:
Town:
Wien
Kategorie:
Business News
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