Wednesday, 23 Nov 2011
NSL Consolidated is set to commence cash flow generation in H1 2012 from its Indian iron ore operations, as well as aggressively explore its Queensland coal tenements.
To date, NSL is the only foreign company that has been granted the right to own and operate iron ore mines in India, which is the world’s third largest iron ore exporter in parallel with having a strong domestic steel market.
NSL is aiming to become a dual bulk commodity company, with Indian iron ore production and Australian coal. It is closing in on the first goal.
This is a re born NSL with a new bulk commodity focus in two countries, with cash flows from a planned nine months to iron ore production strategy in India in 2012. It has high leverage to near term iron ore prices not a 2014 production story. It also has exploration upside and blue sky from its large tonnage coal tenements in Queensland.
The company is also developing a grass roots coal exploration project in South Western Queensland. The highly prospective tenements are located in the Eromanga Basin, and are close to significant thermal coal resources and infrastructure including power, water, sealed roads and a rail link to coastal export facilities.
(sourced proactiveinvestors)
NSL Consolidated is set to commence cash flow generation in H1 2012 from its Indian iron ore operations, as well as aggressively explore its Queensland coal tenements.
To date, NSL is the only foreign company that has been granted the right to own and operate iron ore mines in India, which is the world’s third largest iron ore exporter in parallel with having a strong domestic steel market.
NSL is aiming to become a dual bulk commodity company, with Indian iron ore production and Australian coal. It is closing in on the first goal.
This is a re born NSL with a new bulk commodity focus in two countries, with cash flows from a planned nine months to iron ore production strategy in India in 2012. It has high leverage to near term iron ore prices not a 2014 production story. It also has exploration upside and blue sky from its large tonnage coal tenements in Queensland.
The company is also developing a grass roots coal exploration project in South Western Queensland. The highly prospective tenements are located in the Eromanga Basin, and are close to significant thermal coal resources and infrastructure including power, water, sealed roads and a rail link to coastal export facilities.
(sourced proactiveinvestors)
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