25 September 2019, Zug. One of the world’s largest privately owned nickel producers has reached a milestone of having produced 300,000 tonnes of refined nickel since the group’s nickel operations first began.
“In an industry dominated by large public corporations and legacy assets, we are proud of having reached this important milestone,” said Dan Bronstein, Chairman of the Board of Solway Investment Group. “Our two production sites in Ukraine and Guatemala have been completely rebuilt using the in-house expertise of our relatively compact team, and largely financed by our own funds. At the same time, we have incorporated all of the leading management, health and safety, and environmental standards as cornerstone principles across all of our operations. Environmental and social sustainability are priorities for us. We at Solway believe that our two operating ferronickel projects are very efficient, and we are very proud of them. We look forward to employing our expertise in ferronickel production to unlock the value of our next world-class projects to further strengthen our position as a global leader in this market.”
Solway Investment Group has been active in the nickel business since 2003. The Group is a leading global producer of Fe-Ni, with established annual production capacity of over 45,000 tonnes of refined nickel. The Group also has copper and gold producing assets. 70% of the Group’s production originates in Guatemala, where Solway is the largest Swiss investor in the country’s economy. The Group’s remaining production is sourced from assets in Macedonia, Ukraine, Russia, Philippines and Indonesia. The Group’s refined nickel production is split between assets located in Guatemala and Ukraine.
In 2018, Solway Investment Group produced 30,495 tonnes of refined nickel, 7,718 tonnes of copper and 42,600 oz of gold. Solway’s products are sold to international customers, who are primarily located in Europe and Asia.
In 2019, the Group is expected to produce approximately 35,000 tonnes of Ni in Fe-Ni.