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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Post by B212on Oct 17, 2014 8:13am

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Post# 23036998

Cliffs Natural to take $6-billion charge on coal, iron ore a

Miner Cliffs Natural Resources Inc. said it expects to take a $6-billion charge to write down the value of some coal and iron ore assets in the third quarter due to weak prices for both commodities.

Coal prices have halved over the past three years as a result of rising output from Australia, Indonesia, South Africa, Colombia and the United States and sluggish demand from both industrialized and emerging markets.

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Company said as of Sept. 30, it had no drawings on its $1.25-billion revolving credit facility and expects to have closed the third quarter with about $250-million of cash on hand.

https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/cliffs-natural-to-take-6-billion-charge-on-coal-iron-ore-assets/article21141927/