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 Sep 29, 2013 1:04pm

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Post# 21776468

RE:This is something to keep an eye on

Thanks lou64. Would rather see KWG with PM Harper keeping the ROF Canadain. Just noticed the following:

By Ben Harrington, Financial Mail On Sunday

PUBLISHED: 16:21 EST, 28 September 2013 | UPDATED: 04:52 EST, 29 September 2013

Blue chip mining giant Glencore is weighing up a £750million takeover of Australian copper producer OZ Minerals.

City sources said Glencore – one of London’s biggest mining groups, with a stock market value of £45billion – has secretly been buying shares in OZ Minerals and now its stake is up to 10 per cent.

Although Glencore has yet to make a formal offer for OZ Minerals, the mining giant’s stakebuilding move has triggered speculation that it is soon planning to pounce on the copper group with a bid.

Glencore's interest in OZ Minerals could mean the FTSE company is calling the bottom of the copper market

As a result, one Australian banker said OZ Minerals had recently retained UBS to advise it on a ‘defence’ of the company, which has seen its shares plunge 34 per cent this year.

Glencore’s interest in OZ Minerals is significant as it could mean the FTSE company is calling the bottom of the copper market.

The price of copper has fallen in the past year amid fears that China’s slowing economic growth may herald the end of the commodities boom.

However, there have been signs that China’s growth has stabilised at 7.5 per cent a year and that demand for base metal prices, such as copper and iron, will soon rise.

Glencore declined to comment while OZ Minerals could not be reached.

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