Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

NSL Consolidated granted a third Queensland thermal coal tenement  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 26/11/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - ProactiveInvestors - Australia) Dual bulk commodity developer NSL Consolidated (ASX: NSL) now has a third granted thermal coal exploration tenement in Queensland known as EPC 2337, which follows on from the granted EPC 2198, 2338.

The company has a fourth tenement (2336) - and combined the tenements cover an extensive 2585 square kilometers in the Eromanga Basin in southwest Queensland - a developing region.

Highlighting the potential of NSL Consolidated's ground holding, the four tenement have a combined exploration target of between 6.6 billion and 18.7 billion tonnes of thermal coal.

Exploration and development of the thermal coal assets in Queensland is in addition to the company's Indian iron ore business, which continues to attract interest from partners.

Purchase orders from Indian steel producers

Recently multiple purchase orders were received from domestic steel producers for trial quantities (100 " 1000 tonnes), which is in addition to the three month 5000 tonnes per month on ore off-take agreement executed early October - which has the potential to be extended.

Another plus for NSL Consolidated in India is that during the September 2012 quarter, sales and ramp up of the Phase 1 Kurnool iron ore dry separation plant in the southeast Indian state of Andhra Pradesh continued.

The Phase 1 plant ramp up focussed on the recruitment and training of local people to operate the plant on a two shift basis. The focus on recruiting and training of locals is an important factor in the company's Corporate Social Responsibility focus.

Run of Mine iron ore from the company's nearby Mangal and Kuja mines was run through the entire Kurnool circuit, enabling the company to continue validation of alignment and calibration of all components of the crushing, screening and dry separation plant.

Importantly for NSL Consolidated, the upcoming end of the monsoon season provides the potential to ramp up in production and sales tonnages over the coming months.


  MENA News Headlines




Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help