MONTREAL - KWG Resources has extended invitation to the chief of five First Nations in the Ring of Fire area to join the board of its subsidiary Canada Chrome Corp. Today's era of corporate social responsibility demand that aboriginal groups be consulted prior to mine development that impacts their lands and culture and that they be offered economic participation in the project. But this may well be the first time First Nations chiefs have been invited to participate so fully in a mining company.
The entire Matawa family of First Nations is enthusiastic to see the development progress, said KWG. President Smeenk said, "To facilitate and expedite the process, we felt that the extensive consultation necessary could be most effectively undertaken by having the leading members of the five most directly impacted communities participate in the corporate planning from the outset. In this way those who are most affected by these hoped-for developments can become the proponents of them."
KWG is the 26.5% owner and operator of the Big Daddy chromite project in the James Bay Lowlands of Ontario. (Cliffs Natural Resources holds an effective 73.5% interest including the 26.5% interest of its subsidiary Spider Resources.) The indicated and inferred resources at the property total 20.5 million tonnes averaging 37.5% Cr2O3, using a 15% Cr2O3 cutoff.
More details about the Big Daddy deposit are posted at www.KWGResources.com.
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