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KWG Resources Inc C.CACR

Alternate Symbol(s):  C.CACR.A | KWGBF

KWG Resources Inc. is a Canada-based exploration stage company. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.


CSE:CACR - Post by User

Bullboard Posts
Comment by Kee000on Sep 10, 2010 9:26am
452 Views
Post# 17433190

RE: Interesting Article out today

RE: Interesting Article out todayI like this part.

Canada Chrome is a subsidiary of KWG Resources Inc., one of the companies involved in the $1.5 billion development, which includes an $800-million mine scheduled to go into production by 2015.

Cleveland, Ohio-based Cliffs, a global iron ore pellet and coal producer and an established industrial railway builder, is expanding into the stainless steel market with the development of North America's first chromite mine.

Chromite is processed into ferrochrome used in making stainless steel.

Canada Chrome will operate the mine and build a 350-kilometre long haul railway capable of moving four-million tons of ore a year from McFauld's Lake to Nakina in northwestern Ontario to connect with the Canadian National Railway's (CN) main line.

Middleton said there is enough tonnage in the McFauld's Lake deposits to see chromite production last 150 to 200 years.

Its just a matter of time. Patiences---Somebodys going to be knocking on KWG,s door and real soon.--polly

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