KWG Resources Inc.

Exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel.

"When asked whether any federal infrastructure money will go toward the Ring of Fire, a spokesperson for Infrastructure Canada said this week that it has not received any applications related to the development from the Ontario government.

Michael Gravelle, Ontario’s Minister of Northern Development and Mines, confirmed in an interview that no application has been made. He said that’s because Ontario won’t submit a request without the support of area First Nations and the province continues to negotiate with them in an effort to reach consensus.

“There’s still some important discussions that are taking place,” he said. “I continue to be optimistic that we can find a resolution whereby recommendations will come forward related to the road structure. ... I can’t see us moving ahead without the support of the First Nations.”

Mr. Gravelle said the province is also pressing the federal government “pretty hard” to match the $1-billion promised by Ontario."

http://www.theglobeandmail.com//news/politics/plans-for-roads-to-ring-of-fire-development-in-limbo-with-inconclusive-study/article31555369/?cmpid=rss1&click=sf_globe

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fahrenheit451
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Date Joined
03/23/2010
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KWG Resources Inc.
Symbol
KWG
Exchange
CSE
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1,140,494,718 FD, Aug 20/16
Industry
Metals & Minerals
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