Andhra Pradesh government has signed a memorandum of understanding (MoU) with an Australian firm for iron ore mining projects in Kurnool and Kadapa districts.
The MoU was inked between Andhra Pradesh Mining Development Corporation and NSL Mining Resources India Pvt. Ltd, a subsidiary of Australian NSL Consolidated Ltd.
As per the MoU, the Australian firm will help in the process of separating the required mineral from extracted ore in order to remove unusable part of low-grade iron ore.
The MoU was signed after Chief Minister N. Chandrababu Naidu met an Australian delegation led by Steven Ciobo, Parliamentary secretary to the Australian trade and investment minister.
Both sides also agreed to collaborate in areas like infrastructure, agro-processing, mining, fisheries, financial services, skill development and opportunities in the capital region.