KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

KWG Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the discovery, delineation, and development of chromite deposits in the James Bay Lowlands of Northern Ontario. It is focused on two projects, which include Black Horse Project and Big Daddy Project. The Company’s Black Horse Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Black Horse chromite deposit, including over 1,024 hectares covered by four unpatented mining claims. The Big Daddy Project is located approximately 280 kilometers north of Nakina, Ontario, which contains the Big Daddy chromite deposit, including over 1,241 hectares covered by seven unpatented mining claims. The Company also owns a 30% interest in certain mining property claims contiguous to McFauld’s Lake in Ontario. Its subsidiaries include Canada Chrome Corporation, SMD Mining Corporation, Canada Chrome Mining Corporation, and Muketi Metallurgical General Partner Inc.

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KWG Resources Inc

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Post by jamesbayon Apr 20, 2015 7:57pm

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Post# 23648332

Amid a gathering fiscal storm, the Ontario

Authors:	Charles Lammam Hugh MacIntyre
Release Date:	April 9, 2015
Amid a gathering fiscal storm, the Ontario government will soon table its budget for the coming fiscal year and beyond. There’s a lot riding on getting things right. A recent study found that debt is growing at an unsustainable rate and there are real concerns about the government’s ability to deliver on its plan to eliminate the deficit by 2017/18. Further credit downgrades and higher interest payments could be on the horizon if the government fails to fix its financial troubles. Fundamentally, Ontario’s financial woes stem from the provincial government consistently spending more than the revenues it collects. Paring back spending is therefore an important step towards a balanced budget. And because spending on the compensation of government workers (including wages and benefits) consumes more than half the provincial budget, it’s a key place to find savings. In 2013/14, the latest year of available data, compensation spending totalled $60.2 billion (or 52 per cent of government program spending), up from $40.9 billion in 2005/06. That’s an increase of 47 per cent on compensation spending for Ontario government workers, outpacing the growth in all other program spending (39 per cent) and the combined rate of inflation (15 per cent) and provincial government job growth (11 per cent) during the same time period.