KWG looks towards the East to finance its proposed Ring of Fire railway

January 8, 2016

Responsive image

KWG Resources is looking to the Far East to secure funding for its proposed 340 km rail corridor, which the project developer believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario. “The reason KWG is looking to China to fund its proposed railway line is to increase the odds of securing an offtake partner, which is the critical prerequisite to making the emerging Ring of Fire (RoF) mining camp economically viable. The Chinese are the ultimate offtaker, since they use most of the steelmaking raw material,” said KWG president and CEO Frank Smeenk in an interview with Mining Weekly Online.