The Asia Miner

JAN-FEB 2017

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 36 of 103

Volume 14 • Issue 1 | 2017 | ASIA Miner | 35 India WITH India increasingly focused on growing its mining sector by modernising operations and standards, more opportunities are being identified for Australia's mining sector. This was evidenced during India's biennial mining exhibition, the International Mining and Machinery Exhibition (IMME), in Kolkata from November 16-19. Austrade, Geoscience Australia, Department of Industry, Inno- vation and Science, and the governments of New South Wales, Northern Territory, Queensland, South Australia and Western Aus- tralia partnered to support Australian mining, equipment, technology and services (METS) suppliers at the event. IMME is organised by the Confederation of Indian Industry (CII), India's largest industry association, and included the Global Mining Summit, a technical seminar. Austrade's New Delhi-based trade commissioner Tim Martin said this year's delegation was the largest ever to attend IMME since Austrade's first mission in 2004. "More than 40 companies across the mining supply chain participated at IMME 2016, many first-time visitors, who also benefited from Australia's status as the event's 'Partner Country'. In total 93 individuals representing 43 organisations attended, including a Trade and Investment Queensland sub-delegation." The Australian delegation included a cross section of innovative Australian METS companies covering geo-mining services, mining IT, contract mining, mining machinery, equipment and components, mineral beneficiation equipment and components, explosives, en- vironmental technologies, mining safety and mining skills training. While India has the world's fourth largest coal reserves and is the world's third largest coal producer, with annual production of over 600 million tonnes, mining practices and processes are often out- dated, limiting production. Tim Martin said given the pivotal role the mining sector plays in India's infrastructure and economy, the government recently an- nounced ambitious plans to more than double coal production to around 1 billion tonnes over a five year period from 2014-15. 'To achieve this, there is growing demand for technology and innovative solutions to address these imbalances to meet set targets. "Australia's mining capabilities are well regarded within Indian min- ing circles, particularly as Australia is seen as a natural partner to help India improve its mining safety, environmental impact and out- put records. "Participating delegates demonstrated how they are able to provide innovative solutions and also met with key players to gain first-hand insights about other opportunities – particularly in areas of safety and innovative technology that can operate in harsh conditions." Additional opportunities were identified in skills training, manage- ment development and R&D – areas Australia is highly regarded in. THE new Phase Two Wet Beneficiation Plant at NSL Consolidated's Kurnool Iron Ore Project in Andhra Pradesh is near- ing production of premium product as the commissioning stage advances. Material has been fed into the plant for the first time with successful testing of materials handling systems. In December ASX-listed NSL said that a number of key commissioning milestones had been achieved. The electrical team had completed all requirements associated with the electrical commissioning phase of the project and therefore, the wet plant was electrically fully operational. NSL was able to successfully test the ma- terial handling system, with low grade iron ore fed into the plant as the first stage of full load commissioning. The company had also run water through the plant, and was optimising product and water transfer chutes and piping works be- tween equipment as it further progressed the full load commissioning with low-grade iron ore to be systematically fed through the complete plant components to produce a high-grade premium price product, grading between 58% and 62% iron. NSL has negotiated offtake agreements for Phase Two's iron ore product with the Indian global conglomerate, JSW Steel, and BMM Ispat, a pellet, power and steel pro- ducer. Following an inspection of plant prog- ress by BMM Ispat, discussions were pro- gressed as part of the offtake agreement. NSL stated that both companies were ex- cited and encouraged by the potential out- comes related to the supply and pricing of NSL's premium product. NSL managing director Cedric Goode said, "With continued milestones being achieved on site, the operation has reached the final stages of development and is tran- sitioning towards production of our premium product. The efforts of the team on site have been nothing short of extraordinary, working tirelessly to get the operation to this point and are energised by the company's future." Meantime, NSL has made significant progress on a binding joint venture agree- ment (JVA) with China's Wei Hua Group Co Ltd for establishment of a greenfield steel making plant in Andhra Pradesh. A num- ber of meetings have been held in China to progress the pellet plant feasibility. Wei Hua has acquired key components of the proposed plant and these are ware- housed in China and ready for deployment, with the remainder to be purchased as re- quired. Australian METS in demand NSL nears production of premium product NSL Consolidated's new Phase Two Wet Benefi- ciation Plant is loaded with first iron ore.

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