Australia-based iron ore developer NSL Consolidated (NSL) has announced that it has sold its first iron ore in the Indian domestic market.
The sale has made the NSL the only foreign company to own and operate iron ore mines in India, marking the company's transition from developer to producer position.
NSL expects a gradual ramp-up in production and sales tonnages to the targeted phase one production capacity of 200 000 mt per year in the third quarter. Final commissioning of the first phase of Kurnool iron ore dry separation plant is scheduled prior to the end of June this year. In the second phase, the output capacity is expected to reach 400,000 mt per year.