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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

Bullboard Posts
Post by oreelseon Dec 02, 2014 11:48am
295 Views
Post# 23185744

ROF Chromite Competition

ROF Chromite CompetitionAbout Thomson Reuters South African miners end strike at Glencore Chrome Venture Mon Dec 1, 2014 2:17pm GMT JOHANNESBURG (Reuters) - South African miners at a Ferrochrome venture between Glencore Plc and Merafe Resources reached an agreement to end a strike that will see the wages of the lowest paid workers almost double over the next three years, a union official said. About 1,500 workers at the venture downed tools in September demanding that salaries for the lowest level workers be increased. "It means in three years, the entry level salaries for workers in Glencore will be 18,000 rand ($1.6327) , with a take home pay of R12,100 rand. Now, workers take home around 7,000 rand ," said Steven Nhlapo and official from the National Union of Metalworkers of South Africa. The venture is the largest producer of ferrochrome, an ingredient used to make stainless steel. Workers will resume duty on Tuesday at the three mines around South Africa's platinum rich Rustenburg area, north of Johannesburg, which has been severely hit by labour strikes. A Merafe spokeswoman said the wage agreement was signed on Friday and that the strike was over. (1 US dollar = 11.0248 South African rand)
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