Hyderabad, June 24 (IANS): Andhra Pradesh on Wednesday signed a memorandum of understanding (MoU) with an Australian firm for beneficiation, the process to separate the required mineral from extracted ore and remove the unusable part, of low-grade iron ore.

AP Mining Development Corporation (APMDC) and NSL Mining Resources India Pvt. Ltd., a subsidiary of Australia's NSL Consolidated Ltd. inked the MoU for low-grade iron ore from reserves in Kurnool and Kadapa.

The MoU was signed during Chief Minister N. Chandrababu Naidu's meeting with an Australian delegation led by Steven Ciobo, parliamentary secretary to the Australian trade and investment minister.

They discussed areas of collaboration in infrastructure, mining, agro-processing, fisheries, skill development, financial services and opportunities in the capital region.

Naidu invited Australian delegates to take part in Sunrise AP Global Investment Summit that will be held in October in Visakhapatnam.

Ciobo invited the chief minister and his team to visit Australia to understand their expertise and sign agreements based on the state's interest.