Challenge. Transform. Deliver.

Embracing challenges with an exceptional team, Solway views the positive transformations we bring to the regions we operate as a great motivation source. Delivering responsible value-added production and complete accountability and sustainability for local communities and the environment.

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Solway News

Solway Investment Group’s Guatemalan Mining Subsidiaries Removed from U.S. Treasury Sanctions List

The Guatemalan subsidiaries of Solway Investment Group, a Swiss-based global mining concern, were removed from the United States Treasury Office of Foreign Assets Control (“OFAC”) sanctions list today

18/01/2024
Industry News

Glencore to Halt New Caledonia Nickel Plant and Sell Stake

Glencore (GLEN.L), said on Monday it will sell its stake in Koniambo Nickel SAS (KNS) in New Caledonia and that production at KNS's processing plant will be halted for six months while a new investor is sought for the loss-making business.

13/02/2024
Industry News

China, Indonesia Face Deeper Output Cuts to Tackle Nickel Price Slide

China and Indonesia are set to reduce nickel output by at least 100,000 metric tons this year as producers seek to limit losses following a slump in the price of the metal used in stainless steel manufacture and for EVs, traders and analysts said

13/02/2024
Industry News

Low Battery Metal Prices Set to Persist in 2024, Adding Friction to Energy Transition

Prices for metals used in batteries swooned in 2023, as rising supply and weak demand drove lithium to its cheapest level in two years, cobalt to its lowest point in four and nickel to its pandemic-era nadir

08/01/2024
Industry News

Nickel Shortage in Indonesia: Smelters Facing Problems – Stainless Espresso

Indonesian nickel smelters without their own mines are facing growing problems – Indonesian government warns again of scarce nickel ore reserves and deteriorating nickel quality. US inflation continues to fall and overall inflation has more than halved since mid-2023

14/12/2023

Our Assets

With metals and mining as our core business, we manage numerous assets in various parts of the Asia-Pacific region

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Our Assets

With metals and mining as our core business, we manage numerous assets in various parts of the Asia-Pacific region

more about our assets >

latest

Our primary focus is developing the Aquila Project in Central Sulawesi, with the target to start production of nickel matte in 2024/2025. Supporting studies for HPAL processing are also underway to target the growing EV market in the world.

area

Key operations are located in Sulawesi Island, in 3 regions - North Konawe, South-East Sulawesi, and Central Morowali. We continue to look at opportunities to grow our presence in the region.

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area 4,500+ hectares

nickel

Our primary assets developed from the greenfield stage contain sufficient resources to support the Aquila Project.

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nickel Over 900,000+ tons in metal

cobalt

The undertaken exploration has also identified significant resources of Cobalt. One of the principal metals for EV batteries.

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cobalt 25,000+ tons in metal
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south fergusson

EL2366

Area2,380+hectare
Nickel176+metric tons

Commodity Nickel ore

Location Milne Bay Province

Deposit 1,5% Nickel ore

Drilling 80 drilling Holes (641m)

Overview

EL2366 is a pioneering project for Solway in PNG. It has been active since the end of 2015 and has been successfully extended for three terms, thanks to the high support of the local community. South Fergusson EL area is covered with a network of well-built hauling roads constructed by Logging Company in 2013-2019 years and Sebutuya pier located within 6-7 km from the closest potential pit area. Therefore, Fergusson Project is highly suitable for setting up DSO.

Reserves and Resources

Laterite nickel resource is estimated at 1,8 Million wet metric tones with average grade of 1.7%. After extensive mechanical drilling in 2020 South Fergusson project is being prepared for next drilling phase which shall allow conducting Feasibility Study, ML application and eventually starting mining operation.

fergusson

Area7,040+hectare
Nickel112,000+metric tons

Commodity Nickel ore

Location Milne Bay Province

Deposit 1,5% Nickel Ore

Drilling 188 Drilling Holes (1020m)

Overview

This project is located in Milne Bay province, the safest of all regions in PNG. It consists of two licences EL 2366 was issued in 2015 and EL 2482 was issued in 209. They have adjacent borders and therefore shall be developed as one mining project. South Fergusson EL area is covered with a network of well built hauling roads constructed by one of logging companies in 2013-2019. On the south border there is a pier which is only 6-7 km away from the closest potential pit area of the project. Fergusson can be fairly quickly to Direct Shipment Project

Reserves and Resources

Laterite nickel resource of Fergusson is estimated at 11,7 million wet with average grade of 1,5%. After hand auger drilling works in 2015-2018 and extensive mechanical drilling in 2021 Fergusson Project is being prepared for next drilling phase which shall allow conducting Feasibility study, ML application and eventually start mining operation.

south bowutu

Area10,160+hectare
Nickel1,800+metric tons
Chromite2,500+metric tons

Commodity Nickel and Chromite ore

Location Morobe Province

Resource Potential 53+ mln wmt of nickel ore and 74+ mln wmt of chromite ore

Drilling 83 Drilling Holes (416m)

Overview

South Bowutu project is located inwards of Bird’s Tail Peninsula within Owen Stanley Range. The license area has been extensively explored since early 2016. Due to Mineral Agency regulations, it has been extended for two consequent times with compulsory relinquishment of the territory by 50%. The location of EL2384 is challenging for exploration teams to operate as logistics are highly dependent on helicopter and fixed-wing deliveries, but on the other hand, the area is not densely populated and has a lot of flat regions, which are ideal for the formation of laterite profile rich in nickel.

Reserves and Resources

Laterite nickel resource is estimated at 53 mln wmt with an average grade of 1.6%+. After further core diamond drilling with a more narrow grid, a better understanding of reserve quality and quantity can be achieved.

Potential chromite resources of South Bowutu are up to 74 mln wmt with an average grade of 7,0% Cr203

north bowutu

Area25,601+hectare
Nickel1,900,000+metric tons
Chromite11,200,000+metric tons

Commodity Nickel ore & Chromite

Location Morobe Province

Resource Potential, Up to 180 mln wmt of nickel ore and 204 mln wmt of chromite ore

Drilling 67 Drilling Holes (299m)

 

Overview

EL2568, located in Morobe Province, started with EL approval by the PNG Minister of Mine in 2019. Its chromite deposits are advantageously located on the shoreline, and in the vicinity of the potential processing area, there is access to clean water from lakes and rivers, which is a virtue for enrichment plant operation. Identified Nickel ore deposits are located further away from the sea but are still relatively feasible for direct shipment operations.

Reserves & Resources

Laterite nickel resource estimated at 180 Million wet metric tonnes with an average grade of 1.6%. There is a high potential of finding more nickel laterite fields as exploration works are at their very initial stage and cover less than 25% of the EL’s areas.

Chromite resources of the Salus project are estimated at 240 Million wet metric tonnes with an average grade of 7,0%. Metallurgical analysis of chromite sands bulk sample in Australian lab in 2020 showed that HM (heavy minerals) enrichment might reach 27,3 %, which is considered reasonably high among buyers on the international market.