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KWG lining up Ring of Fire strategic partner

from Northern Ontario Business

KWG Resources revealed it has two offers on the table for off-take agreements to advance its Ring of Fire chromite project. The Toronto-based junior miner made headlines recently when it announced it was engaged in discussions with Cliffs Natural Resources, and was arranging the necessary financing, to acquire the Ohio mining giant's chromite properties in the James Bay region. New management at Cliffs want to rid the company of all money-losing, non-core international assets. KWG has two chromite properties in its stable: the Black Horse and the Big Daddy, the latter with which it holds a 30 per cent stake in a litigious relationship with Cliffs. more


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