KWG Applauds Northern Policy Institute Commentary
MONTREAL, QUEBEC--(Marketwired - Jun 18, 2014) - KWG Resources Inc. (TSX VENTURE:KWG) applauds the release yesterday by the Northern Policy Institute of its Commentary No. 1 / Friday, June 13, 2014, The Airport/Port Transportation Authority Model, Is It Applicable for Ontario's Ring of Fire Mineral Development? authored by Nick Mulder.
"The Northland Development Corporation Bill that we proposed to all candidates who recently sought election to the Ontario Legislature, is fashioned after the governance model of a Port/Airport Authority", said KWG President Frank Smeenk. "We originally concluded that the federal government might be the better sponsor of such a corporation, because the Ontario government had then declared its intention to dispose of the assets of the Ontario Northland Transportation Commission. These are legacy assets that can assist the Ring of Fire deposits to achieve very long-term economic viability in a highly competitive global market for stainless steel inputs. If our Bill is adopted by Ontario's newly-elected parliament, it would effectively create a provincial Transportation Authority on the model of the many such very successful federal agencies across Canada. However, the Bill can as easily become the charter of a federally incorporated Transportation Authority and so benefit from the sponsorship of the governments of both Canada and Ontario. As both governments have pledged their support for development of the Ring of Fire, this might be a most elegant means for their collaboration."
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.
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