- KWG Resources (KWG) has received an engineering and design services report from Rail-Veyor Technologies
- Rail-Veyor has designed a tramway system that would transport 10 million tonnes of chromite per year from KWG’s Black Horse project to a facility near Nakina, Ontario
- The tramway system will cost US$656.7 million and will run at an operating cost of $2.88 per tonne of material
- KWG is also in discussions with The Gitchiziibii Company Inc. to designate the tramway system as mining works under the Ontario Mining Act
- KWG Resources is a Canadian mineral exploration company focused on the development of chromite deposits
- Shares in KWG Resources Inc. (KWG) are steady, trading at $0.045 per share
KWG Resources (KWG) has received an engineering and design services report from Rail-Veyor Technologies through its subsidiary Canada Chrome Corporation.
Canada Chrome Corporation (CCC) has selected Rail-Veyor to build a tramway system designed to transport 10 million tonnes of chromite per year from KWG’s Black Horse project to a facility near Nakina, Ontario.
The tramway system will cost US$656.7 million and will run at an operating cost of $2.88 per tonne.
Black Horse, located in the Ring of Fire of northern Ontario, is a chromite project operated by KWG. The Rail-Veyor tramway would connect the proposed underground workings of a potential mine at the project with a potential processing facility over 338 kilometres away.
KWG is also in discussions with The Gitchiziibii Company Inc., which has recently been formed to assist with the creation of a trust for members of the Matawa and Mushkegowuk First Nations.
The trust will allow for, among other things, infrastructure assets to be built for mining in the Ring of Fire. The Gitchiziibii Company, KWG, and CCC are working on an application to designate a proposed Rail-Veyor tramway system as mining works under the Ontario Mining Act.
KWG Resources is a Canadian mineral exploration company focused on the development of chromite deposits in the James Bay Lowlands of northern Ontario, with properties including Black Horse and Big Daddy claims.
Shares in KWG Resources Inc. (KWG) are steady, trading at $0.045 per share as of 3:21 pm EST.
