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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.


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Post by pickdawinneron Dec 05, 2013 8:51am
254 Views
Post# 21973490

time to establish the lower james bay port authority is now

time to establish the lower james bay port authority is nowhttps://www.stratfordbeaconherald.com/2013/12/05/more-action-needed-to-woo-north-voters

More action needed to woo North voters

By Brian MacLeod, Sudbury Star

The Ontario Northland Transportation Commission rail yards are shown in Englehart, Ont., Wednesday, May 9, 2012. Nearly half of the community's income is made at the Crown corporation. (PJ WILSON/ QMI Agency)

The Ontario Northland Transportation Commission rail yards are shown in Englehart, Ont., Wednesday, May 9, 2012. Nearly half of the community's income is made at the Crown corporation. (PJ WILSON/ QMI Agency)

The concession northerners managed to extract from the province about the future of the Ontario Northland Transportation Commission this week is remarkable.

But why did it happen?

The Liberal government has been doing a long, slow dance on the Dalton McGuinty’s government’s decision to sell off the agency since Premier Kathleen Wynne took power, finally getting Michael Gravelle, Minister of Northern Development and Mines, to put in writing that the ONTC’s mandate is no longer to be sold off in pieces, but that it is to undergo a “transformation.”

It’s a fuzzy term for restructuring, and still possible divestment, but the main goal is no longer to kill off the 101-year-old agency that would put the 1,000 or so jobs in the North in jeopardy. About 600 of those jobs are located in North Bay.

The ONTC runs bus service communities located mostly along the Hwy. 11 and Hwy. 17 corridors from Toronto to Hearst. The long-running Northlander passenger train to Cochrane ended in September. The agency also operates an Internet and communications company that services the North. What’s remarkable about the Liberal government’s concession is that the ridings directly affected by this about-face are not Liberal. They’re Progressive Conservatives and New Democrat.

PC Norm Miller, the Northern Development and Mines critic, represents Parry Sound-Muskoka; Vic Fedeli, the PC finance critic, is in Nipissing (which contains North Bay), the NDP’s John Vanthof represents Timiskaming-Cochrane and NDP Transportation critic and House Leader Gilles Bisson is in Timmins-James Bay.

In March 2012, Sudbury MPP Rick Bartolucci, then Northern Development and Mines minister, made the original announcement, arguing the $439 million in subsidies the province had put into the ONTC wasn’t boosting ridership. He was immediately denounced by some as having let down the North. Laurentian University Prof. David Leadbeater called it a “ruthless blow to the North.”

Politicians and the four unions representing ONTC employees went to work. They organized protests and proposed a new deal, whereby the ONTC would be transferred into mainly a freight rail service run by a port authority that could service the Ring of Fire chromite deposit in the far North. Fedeli was particularly effective, unearthing documents that suggest rather than save $265 million as was hoped by selling of the agency, the total cost that included severances, pension liabilities and benefits would actually lose $790 million. They marshalled the support of political agencies such as the Federation of Northern Ontario Municipalities.

Why did the Liberals relent on the sell-off?

It’s possible Fedeli is right, or at least partially right, that it wouldn’t save as much as the Liberals thought.

But it’s just as likely that it’s part of Wynne’s effort to seek or reclaim other constituencies of support. The North is a former Liberal stronghold. Yet they barely held on to Sudbury in the last election. Fedeli’s predecessor was Liberal Monique Smith and Timiskaming-Cochrane was the homeland of former Natural Resources Minister David Ramsey for 26 years before he retired and it was claimed by the NDP in 2011.

A few weeks ago, the Liberals also addressed another northern issue, that of nuisance bears, by partially restoring the spring bear hunt. It looks like Wynne is trying to show the North she’s listening.

But that will take more than listening. Northerners are a practical lot. They are not easily impressed. Wynne will have to do more than say she cares if she’s going to make tracks in the north. She’ll have to show it.

brian.macleod@sunmedia.ca

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