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 oreelseon Jun 03, 2013 4:08pm

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Post# 21477321

RE: RE: Glencore Xstrata may buy Canada's Rio Tint

Glencore, not long ago, said they are no longer keen on funding mega projects due to mega overruns & other convoluted risks. Therefore, Glencore Xstrata buying Rio Tinto's 59% of Iron Ore Co of Canada is likely as it would strengthen Glencore Xstrata's infuence in all of N America. Re the ROF, Glencore Xstrata will want Chromite, etc Marketing Agencies and to get this, they may help finance the ROF RR & some related Projects. It would be a strange twist if Rio Tinto with or without Vale end up owning the ROF & Glencore Xstrata own all the Cr, etc Marketing Agencies for sales to China, etc. What's then left of CLF may also end up with Glencore Xstrata being their Sales Agent. Hopefully, PM Harper & Frank Smeenk can quickly come up with a much better ROF future.

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