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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 Mar 03, 2016 8:41am
119 Views
Post# 24616303

something to think about

something to think about

Here something to think about....Ottawa has billions in foreign aid to help distant countries compete against Canadian Mining producers.....not a nickle for the RoF




OTTAWA — A Canadian mining company wants the federal government to suspend millions of dollars in foreign aid to Mongolia until the Asian country pays for taking the firm’s uranium mine and giving it to the Russians.

The request, made Tuesday, comes exactly one year after a trade tribunal told Mongolia to give Toronto-based Khan Resources Inc. more than $100 million in compensation for the lost uranium mine, and is the latest gambit in a long-running dispute sparked by Cold War-era geopolitics.

It also coincides with a major mining convention in Toronto next week, where Mongolian officials plan to pitch their country as a great place for mining companies from Canada and the rest of the world to invest.

Mongolia receives about $4 million in aid per year after the previous Conservative government designated it one of 25 “countries of focus” for foreign aid in 2014. A major focus is building the Mongolian government’s ability to manage the country’s mining sector, where Canada is the second-largest investor after China.

Mongolia’s ambassador to Canada, Radnaabazar Altangerel, said in an interview Wednesday that Canada’s assistance has been extremely important in helping his country manage its rich reserves of copper, gold and coal, as well as develop its agricultural sector and improve the health care system.


Bullboard Posts