Iron ore miner NSL Consolidated has announced it will ship its first consignment of iron ore later this month.
The shipment of 20,000 tonnes will depart from Krishnapatnam Port in the Andhra Pradesh, on the east coast of India. Further shipments are planned as production is increased towards the end of the month. The shipment was delayed by the Chinese New Year holiday and by NSL securing crushing capacity.
“We are very pleased to have established our mining and logistics operations to the point where we are now very close to loading our first shipment of Indian iron ore, bound for China,” said managing director Cedric Goode said.
“Once our first shipment is underway we will have demonstrated proof of concept that our operating model; i.e. of acquiring ready to operate projects with direct ship ore and using local contractors to mine and transport our product to port – can work.
“The next steps for NSL are to get our Kuja mine into full production, complete our re-compliance listing and continue our evaluation of mining opportunities to expand our portfolio of producing mines in India.”
The company has already commenced mining at expected capacity at its latest project, the Mangal mine, in the Kurnool district of Andhra Pradesh and has commenced transporting iron ore by road to its storage facility at Krishnapatnam Port. To date approximately 1,500 tonnes of ore have been moved from the Mangal mine to the Port. allowing NSL to test the logistics network and verify its capability.
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