The fact that Xinhai has a strong history with Chinese...

The fact that Xinhai has a strong history with Chinese import/export banks in terms of providing funding for EPC projects throughout its global footprint could be important for a smaller company such as NSL when it comes to financing the development of new plants.

On this note management is working with Xinhai to secure financing for future beneficiation plants up to a concentrate production target of 2.5 million tonnes per annum.

Xinhai will immediately commence comprehensive testing from samples already in China to finalise the process flow and equipment requirements to produce a routine operating concentrate grade ranging between 63-65% Fe, targeting 65% Fe.

Xinhai engineers will be on site in India in the coming weeks to review existing operations. The results of the Xinhai site visit and sample testing will then form the framework for the parties to make a decision regarding the aforementioned expansion scenario based on mutually acceptable commercial terms.


so the Xinhai team should be there now..was from a couple of weeks ago..

All good and an excellent ANN ..onward and upward..next Ann please..hopefully be month of smiles for all