KWG Resources Inc C.CACR

Alternate Symbol(s): KWGBF | C.CACR.A

Metals & Mining Industrial Metals & Minerals

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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KWG Resources Inc

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Comment by oreelseon Sep 26, 2016 10:22am

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Post# 25277751

RE:RE:RE:RE:Done deal

Merafe – headed by CEO Zanele Matlala – generates income primarily from the Glencore–Merafe Chrome Venture.

In reporting its results for the six months ended June 30, Merafe indicated higher demand prospects for ferrochrome on the likelihood of global stainless steel production growing 2.6% this year and by 3.1% in 2017.

CRU senior ferrochrome consultant Mark Beveridge, who is responsible for CRU’s ferrochrome market outlook, ferrochrome cost service and chrome monitor publications, describes the recovery of the South African chrome industry over the last four months as being “dramatic”.

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