HIGHLIGHTS
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Company signs high level Memorandum of Understanding (MoU) outlining way forward for strategic cooperation with large experienced Chinese global EPC provider, Shandong Xinhai Mining Technology & Equipment Inc (Xinhai)
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Xinhai has completed over 500 mining EPC projects globally.
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The Company and Xinhai are cooperating to secure financing for future beneficiation plants, up to a production target of 2.5 million tonnes per annum.
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Cooperation will enable the Company to pursue processing technology and equipment capable of producing iron ore concentrate with the design ranging between 63-65% Fe, targeting 65% Fe, versus current 58-62% Fe.
NSL Consolidated Limited (Company, ASX: NSL, NSLO), wishes to update the market regarding the enhancement of our deepening Chinese relations, with execution of a strategic cooperation agreement for the provision of wet beneficiation plant Engineering, Procurement and Construction (EPC) services.
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