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NSL signs MoU with Indian state govt

Junior iron-ore producer NSL Consolidated has signed a memorandum of understanding (MoU) with the state government of Andhra Pradesh, in India, to support the iron-ore growth strategy within the state.

The MoU covers the mining, beneficiation and pelletisation of low-grade iron-ores in the state, and would position NSL to be producing in excess of eight-million tonnes a year of iron-ore in the newly formed state.