Industrial Metals

KWG Resources Inc. (CSE:KWG) and China Railway First Survey & Design Institute Group Co. Ltd. (FSDI) announced that they’ve signed a memorandum of understanding (MOU) that lays out the terms for moving forward with a feasibility study on the design and financing of a railroad.

KWG Resources Inc. (CSE:KWG) and China Railway First Survey & Design Institute Group Co. Ltd. (FSDI) announced that they’ve signed a memorandum of understanding (MOU) that lays out the terms for moving forward with a feasibility study on the design and financing of a railroad.
As quoted in the press release:

The parties have agreed that a delegation of FSDI professionals will travel to Ontario for initial consultations prior to mid-March 2016. The Memorandum of Understanding was facilitated byGolden Share Mining Corporation (TSX VENTURE:GSH), KWG’s agent in China.
KWG has engaged Intercedent Limited, of China and Canada, to advise globally on the transaction.
The right-of-way staked and assessed by KWG subsidiary Canada Chrome Corporation will provide the alignment for the route. The First Nations whose traditional territories are traversed by the route will first be consulted to insure that their interests are accommodated, prior to further definitive agreements being undertaken by the parties.

Click here to read the full KWG Resources Inc. (CSE:KWG) and China Railway First Survey & Design Institute Group Co. Ltd. press release.

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

DOWNLOAD FREE REPORTS

×