KWG Resources Inc C.CACR

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

Metals & Mining Industrial Metals & Minerals

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.

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KWG Resources Inc

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Comment by waterboy2on Sep 10, 2012 11:16am

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Post# 20342364

RE: RE: cliffs

Credit Suisse downgraded its rating on Cliffs Natural Resources from Neutral to Underperform, and lowered its price target from USD 50.00 to USD 30.00.

Credit Suisse noted that “Most iron ore watchers have been shocked to see the spot commodity price fall by 35% in the past 2 months. Like others, we are watching inventory data and a spot commodity price in free fall. Although we feel as though we have a reasonable grasp of what has happened over the past few weeks in the iron ore market, we will not pretend that we know exactly what is going to happen next. We have no new operational insights into CLF's business since the Strategy Day a month ago, so the focus of this report is CLF's unavoidable exposure to the commodity price.”

Source - www.benzinga.com