KWG’s Smeenk on Gas-fired Chromite Production in the Ring of Fire

Republic of Mining published an interview with Frank Smeenk, president and CEO of KWG Resources Inc. (TSXV:KWG), a company that’s focused on the chromite in Ontario’s Ring of Fire. The article looks mainly at the company’s new gas-fired chromite production method.

As quoted in the market news:

The KWG president’s latest grand scheme for the Ring of Fire hinges on a new gasfired production method for chromite, a slurry pipeline bringing the ore south to a gas reduction reactor in Nakina and a second parallel pipeline bringing natural gas north to two gas-fired electrical generating stations.

Also proposed are a single underground shaft to access both Noront Resources’ Eagle’s Nest base metal project and the adjacent Black Horse chromite property, an east-west ‘forestry road’ to Pickle Lake, an extension of the Ontario Northland Railway (ONR) from Hearst to Nakina, and a stainless steel production facility in Sorel, 80 kilometres northeast of Montreal on the St. Lawrence River.

Smeenk said:

The new production process happened in the context our assessment that there had to be substantial further processing in Ontario for this project to get social licence and that process could not realistically or politically include the plan that (Rick) Bartolucci (former Minister of Northern Development and Mines) and Cliffs cooked up, which was to give a multinational corporation a break on electricity rates when you and I and our mothers are paying through the nose. We were looking for an option that didn’t include consuminga lot of expensive Ontario electricity.

Click here to read the full Republic of Mining report.