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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 Jul 03, 2013 10:30am
76 Views
Post# 21586599

Ontario wanting to get it (ROF) right

Ontario wanting to get it (ROF) rightOntario appoints lead negotiator to engage First Nations in Ring of Fire talks
2nd July 2013
Updated 5 hours ago
TORONTO (miningweekly.com) – The Ontario government has appointed former Supreme Court of Canada Justice Frank Iacobucci as lead negotiator in discussions with chiefs of the Matawa Tribal Council over resource developments in the Ring of Fire.

The provincial government on Tuesday said Iacobucci would engage in community-led discussions on regional considerations with the chiefs of the First Nations located closest to the proposed resource developments in the Ring of Fire and their lead negotiator Bob Rae, before engaging in more formal negotiations.

US diversified miner Cliffs Natural Resources in June suspended environmental assessment activities for its $3.3-billion chromite project in Ontario’s mineral-rich north, citing stalled negotiations between First Nations and government and delays to the assessment process as among the reasons for its decision.

"The province is taking a smart, sustainable and collaborative approach to resource development in the Ring of Fire. We want development to deliver social and economic benefits for all Ontarians, while collaborating with First Nations and ensuring environmental responsibility. I am confident that Iacobucci will help ensure that everyone benefits from the economic and social opportunities of this unprecedented natural resource,” Ontario Northern Development and Mines Minister Michael Gravelle said in an emailed statement.

Iacobucci would set out to find common ground with First Nations on environmental protection and monitoring, regional infrastructure planning and development, resource revenue sharing, and social and economic supports.

A grass-roots Aboriginal protest movement known as ‘Idle No More’ staged demonstrations and blocked roads and rail lines across Canada late last year and early this year, in part to call attention to the impoverished living conditions of many Aboriginals, especially in remote communities.

Another Ring of Fire proponent, Noront Resources, on Tuesday welcomed the appointment of Iacobucci.

"Having the right conversations is essential for successful development in the Ring of Fire. We are eager to see a workable infrastructure solution that will allow us to bring our mine into production, and we have been collaborating with local First Nations throughout our own environmental assessment process to help make that happen," Noront chairperson and interim CEO Paul Parisotto said.

Noront is in the final stage of its environmental assessment for its Eagle's Nest project and would submit the report to government this fall.

Edited by: Creamer Media Reporter
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