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.

CSE:CACR - Post by User

KWG Resources Inc

Bullboard Posts

Comment by oreelseon Aug 21, 2013 10:57am

220 Views

Post# 21686299

RE:RE:RE:PM Harper

"Glencore did not break down the ($8.1 Billion) impairment, but much of the hit is expected to be from early-stage projects and greenfield operations. That is mines built from scratch which have long been unpopular with Glencore management. These include the $5 billion nickel (mining & FeNi + Coal Power Plants) operation Koniambo in New Caledonia." "Copyright © 2013 euronews Aug 20/13"

Koniambo is 49% owned by Xstrata's Falconbridge Entity in Canada which Glencore's M. Davis has mentioned maybe wanting to sell. PM Harper & the French Govt would then get involved. New Caledonia's Native People's SMSP owns 51% of Koniambo. Vale is also very much involved in its very costly New Caledonia Goro Ni Co mining & refinery.

The lesson here is that PM Harper will want to spearhead minimizing ROF RR & Nearby Upgrading Chromite Plant Capital & Operating Costs & maximizing very very long term after-tax ROF related profits.

PM Harper must strongly support Canada's KWG/DDI/CCC being fully financed with minimal non-Canadian strings attached.