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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 Nov 06, 2015 11:32am
93 Views
Post# 24266585

Ring fires up Nickel Belt debate

Ring fires up Nickel Belt debate

Ring fires up Nickel Belt debate

Mary Katherine Keown

By Mary Katherine Keown, The Sudbury Star

Gino Donato/The Sudbury Star NDP Nickel Belt incumbent Claude Gravelle makes a point at the Greater Sudbury Chamber of Commerce-sponsored debate on Monday.

Gino Donato/The Sudbury Star NDP Nickel Belt incumbent Claude Gravelle makes a point at the Greater Sudbury Chamber of Commerce-sponsored debate on Monday.

The long-stalled chromite project in Northwestern Ontario proved to be a fierce topic of debate on Monday.

Claude Gravelle, the incumbent NDP MP for Nickel Belt, squared off against Aino Laamanen, Stuart McCall and Marc Serre over a number of business-oriented topics at a debate organized by the Greater Sudbury Chamber of Commerce.

“The Ring of Fire has been stalled for the last little while. … It is very important to have a strong MP with a business background and the expertise to work with communities, stakeholders and First Nations,” Serre, the Liberal candidate, began. “The Ring of Fire will create more jobs.”

Gravelle, who has served as the Nickel Belt MP since 2008, relied on his experience in Ottawa, noting he has visited the Ring of Fire twice and laid the groundwork for movement on the project.

“Mr. Serre is right — nothing’s moved,” he said, blaming the provincial Liberals for the chronic inaction. “The (mining) companies have been very, very clear — all the government has to do is to tell them the rules and they will be able to budget for the rules. The First Nations communities have also been very clear – they’re not against the Ring of Fire, they just want to be at the table.”

Were the Ring of Fire to be developed, Gravelle predicted it would mean hundreds of jobs for residents of Greater Sudbury.

Laamanen, the Conservative candidate, echoed Gravelle’s argument that the provincial government is to blame.

“The Ring of Fire would be a boon for Northern Ontario,” she said. “The federal government has the funds ready and has agreed to work. We’re waiting for the provincial government to step in to do their share.”

McCall, the Green Party hopeful, contended that “in a rip-and-strip scenario” the chromite deposits could generate as much as $50 billion for Ontario. He argued the smelter would be best suited to a port city, such as Sault Ste. Marie or Thunder Bay, from where it would be easy to ship refined product to market; however, Serre emerged as a strong proponent of locating the arc furnace in Capreol.

“The hydro facilities are already in place; the CN railway is already there,” he said. “This is an opportunity for Nickel Belt, but we need to have leadership and we need to put this on the agenda, and that hasn’t happened for the past eight years.”

Gravelle argued the New Democrats have committed $1 billion over 20 years to develop the chromite project. Serre shot back with contention that the money is needed “immediately,” not in 20 years. He said the Liberal party has $129 million available at the moment.

“It’s going to cost at least $450 million to develop rail access to the Ring of Fire,” McCall countered. “So $129 million doesn’t really cut it, does it? … Then you need to provide a power supply, housing and infrastructure. I would like to do this in a sustainable way that doesn’t require fossil fuels.”

The candidates also took questions on Maley Drive, access to abortion, salary disparities, the long-called-for inquiry into murdered and missing Aboriginal women, as well as access to affordable housing.

The next debate — for Sudbury riding candidates — takes place at College Boreal on Wednesday, Oct. 7 from 7-9 p.m. For more information, please visit sudburychamber.ca.


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