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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 jamesbayon Jan 21, 2016 8:35am
132 Views
Post# 24479830

Taseko seeks to sue Ottawa for damages over B.C. mine reject

Taseko seeks to sue Ottawa for damages over B.C. mine reject
If Tasekos request for a civil suit is granted, the miner would have a greater ability to force disclosure of those documents and others from Ottawa, in addition to the potential damages.
Handout/TasekoIf Taseko’s request for a civil suit is granted, the miner would have a greater ability to force disclosure of those documents and others from Ottawa, in addition to the potential damages.
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Taseko Mines Ltd. claims the federal government acted unlawfully in pushing its British Columbia copper project off the rails. Its solution: Try to sue the government for damages and to find out precisely what happened.

FP0327_NewProsperity_C_JR

On Wednesday, Taseko will appear in a federal court in Vancouver to argue that its two judicial review applications to Ottawa should be combined into one civil lawsuit seeking damages. The move, which appears to be unprecedented, is being fiercely opposed by the government.

“We haven’t found another instance where a company in precisely this position sues the federal government,” said lawyer John Hunter of Hunter Litigation Chambers, which is representing Taseko.

Taseko claims it was the only logical course of action. The Vancouver-based miner says it has evidence of actual malfeasance by federal officials, including secret meetings with opponents of the $1.5-billion New Prosperity project that could have swung Ottawa’s decision.

The project has been controversial for many years. Taseko’s first Prosperity mine proposal was approved by the British Columbia government in 2010, but rejected by Ottawa later that year. It cited environmental concerns over Taseko’s plan to drain the nearby Fish Lake.

Taseko came up with a new mine plan that would save Fish Lake at a cost of about $300-million. But in February of this year, the federal government rejected that proposal as well. Prime Minister Stephen Harper himself said an environmental review of the project was “damning.”

According to the company, the only reason Ottawa found evidence of environmental damage is that Natural Resources Canada made a key error: It studied the wrong tailings dam design, and thus assumed there would be seepage.

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