Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Junior iron-ore producer NSL Consolidated has secured a $5-million commercial loan from New York investment firm MG Partners to finance the construction of the Phase 2 wet plant, at the Kurnool project, in India. Under the terms of the agreement, NSL would receive a direct loan of A$600 000 to immediately start Phase 1 dry lump production and to attain domestic sales of up to 10 000 t of lump iron, at an average profit margin of at least 25%.
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