NSL Consolidated has signed a $A5 million loan agreement with New York-based Magna for the continued development of its iron ore process facility near NSL’s Kuja and Mangal mines in India’s Andhra Pradesh state.
Magna will inject $A5M into NSL to support the development of its Indian iron ore process facility.
Perth-based NSL, believed to be the only Australian or foreign company to own and operate in India’s iron ore space, has already built the phase one dry separation plant. The loaned money will be used...
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