A dual Australian and Frankfurt-listed company focussed on bulk commodity development opportunities via iron ore production in India and thermal coal in Queensland.
The Company achieved the construction, commissioning and expansion of its Phase One Kurnool iron ore dry separation plant in the southeast Indian state of Andhra Pradesh, culminating in the material produced during the commissioning phase being sold ex mine gate into the domestic Indian market. NSL is the only foreign company to own and operate iron mines in India.
Both commodities benefit from unabated demand as global customers, particularly from China and Asia, sought iron ore and coal supply diversity and security.
NSL will continue to build its iron ore and coal businesses further through strategic acquisitions in selected geographies of projects with significant resource potential and near-term production capability.