09:57 AM EST - New Millennium Iron Corp. : announced today that ore production of sinter fine products, by Tata Steel Minerals Canada Limited ("TSMC"), a joint venture between Tata Steel Limited and NML, is progressing well, with approximately 250,000 tonnes of production to date. The ore is grading over 63% Fe, and is being processed in a portable dry crushing and screening circuit before shipping. It is estimated that 300,000 tonnes will be produced in 2012. The installation of the dome structure is currently in progress. TSMC is on track to produce 2.0 million tonnes ("mt") in 2013 and to produce 4.2 mt per year ("mtpy") of sinter and super fines in 2014. TSMC is also developing plans to increase production to 6 mtpy in 2015 to maximize the use of the current facilities. New Millennium Iron Corp.
shares T.NML are trading down $0.01 at $1.45.
