Solway Group operates two open pit chromite mines in the Philippines; one in the north and one in the south of Homonhon Island. Homonhon Island is approximately 20 kilometers long and 3 kilometers wide at its narrowest point, and is located in the Eastern Samar province.
The first open pit mine is located in the south of Homonhon. Solway has verified reserves of 2 million tons of chromite concentrate on site, with planned monthly production of 20,000 tons of chromite concentrate with average Cr2O3 content of 48% over the 10-year life of the mine. The southern Homonhon mine is characterized by weathered ultramafic rocks, creating laterites of peridotite with podiform chromite in limonite and lumpy chromite in the bedrock. The chromite is extracted through simple washing and gravity methods.
The second open pit mine, in the north of Homonhon, is located in an area rich with gabbro and dunite spread across over 2,000 hectares. Solway is currently in the process of verifying reserves of approximately 6 million tons of chromite concentrate.