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KWG Resources Inc C.CACR

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

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

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Post by pickdawinneron Mar 20, 2013 4:50pm
186 Views
Post# 21262903

who's holding up developing the Ring???

who's holding up developing the Ring???

https://www.thesudburystar.com/2013/03/20/chiefs-welcome-judicial-ruling

Chiefs welcome judicial ruling

 

 

Matawa First Nations chiefs say they welcome the decision last week to deny motions filed by the federal government and Cliffs Natural Resources in the judicial review of the environmental assessment process in the Ring of Fire.

Nine First Nations launched a legal challenge in November 2011 to the federal environmental assessment process.

The Ring of Fire, located about 500 km northeast of Thunder Bay, is potentially the largest mining development in Northern Ontario, FedNor Minister Tony Clement told chamber officials.

The region has significant deposits of nickel and copper and represents North America's single largest deposit of chromite, the main ingredient in stainless steel.

With mineral content worth an estimated $30 to $50 billion, the Ring of Fire could create up to 5,000 direct and indirect jobs in Northern Ontario alone.

Cliffs Natural Resources of Cleveland -- one of a number of companies looking to develop the Ring of Fire -- wants to open a chromite mine in northwestern Ontario and ship the ore to a refinery near Capreol. That would create as many as 500 jobs in Sudbury.

Cliffs and the government of Canada brought motions challenging some of the evidence the First Nations presented in the case and questioning the independence of three experts the chiefs intend to call during the review.

Prothonotar y Roza Aronovitch ruled Friday the motions brought by Cliffs and Canada caused "unnecessary delay" in the proceeding, awarded costs to the First Nations and set a deadline of July by which some legal procedures must be completed so a date can be set after that for the judicial review.

Chief Sonny Gagnon, of Aroland First Nation, said he and other chiefs want a full joint review panel at which members could speak and hear presentations about the impact on the environment of mining the Ring of Fire.

The federal government has agreed to a process called a comprehensive review, but Gagnon said that is essentially a review on paper, not a thorough assessment.

Gagnon said the "paper-based EA process" doesn't include any "meaningful involvement" of First Nations and is not transparent.

"It needs to be made accessible, by holding hearings in the First Nations and using an independent panel," said Gagnon. "The First Nations have made it very clear that they are willing to negotiate the parameters for an effective EA process."

Chief Roger Wesley, of Constance Lake First Nation, said Cliffs needs to halt the current environmental assessment process and negotiate "an appropriate process with our First Nations. We believe the court will agree with us on that, too."

sud.editorial@sunmedia.ca

 

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