Australian Firm NSL Proposes Iron Ore Plant In Karimnagar

Australian firm NSL Consolidated Limited is interested in setting up an Iron Ore processing plant in Karimnagar. They reportedly submitted proposals to Telangana Govt and they are under review. Meanwhile, the company’s officials are slated to meet the CM to present the project details.

Karimnagar is rich in Iron Ore deposits. Iron ore essentially magnetite, with more than 60% iron occurs near Yerabali  in Huzurabad Taluk.  A number of magnetite occurrences are known in Jagtial, Arnakoda, Mallapur and Choppandandi. NSL  has a 290-acre Mining Lease application for Karimnagar. While initially it was said Karimnagar had a reserve of about 16 million tonnes of low grade ore, NSL’s documents submitted to Australian stock exchange mentionan exploration target of 62-125 million tonnes of magnetite at 20% to 50% iron. The high volume of ore seems to have made NSL consider the beneficiation and pelletisation potential for the mining project and come up with this plan to setup a plant.