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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

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Post by pickdawinneron May 23, 2015 8:14pm
175 Views
Post# 23757946

Ottawa leaving FedNor short — NDP

Ottawa leaving FedNor short — NDP

Ottawa leaving FedNor short — NDP

The Conservatives' decision to cut spending at FedNor is punishing the economy of Northern Ontario and hurting growth in the region, says a New Democrat MP.

John Rafferty, NDP critic for the Federal Economic Development Agency of Northern Ontario, said the federal Tories have slashed economic development funding in the North and left $8.5 million unspent in 2013-14.

"It is a sad truth, and we are not talking about bureaucratic efficiencies," Rafferty said in a release.

"This cut has come directly from program spending, and it is shameful."

New Democrats say a research note from the Library of Parliament shows the projected budget for FedNor has been slashed every year since 2008-09, and a large amount of the budget to help the Northern Ontario economy wasn't spent.

Nickel Belt NDP MP Claude Gravelle said FedNor's budget keeps shrinking.

"With cuts to jobs since the Conservatives came to power, Northern Ontarians can't afford for the federal government to not invest in the communities," said Gravelle.

"When you look at the cuts, and then take into account the $8.5 million left unspent in 2013-14 alone, it is really shameful Conservatives MPs, especially those in Northern Ontario, are not taking action to help grow our economy."

The NDP is calling on FedNor Minister Greg Rickford to answer for the cuts to FedNor. Northern Ontario has experienced 30,000 forestry job losses, no federal commitment for the Ring of Fire and massive cuts to the FedNor budget since the Conservatives came to power, said the NDP MPs.

sud.editorial@sunmedia.ca

https://www.thesudburystar.com/2015/05/23/ottawa-leaving-fednor-short--ndp
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