Neha Patil (Editor)

Solway Group

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Founded  2002
Subsidiaries  Solway Equity Participation, Solway Finance Ltd, Solway Real Estate, Solway Resources, Solway Industries

The Solway Investment Group Limited, Solway Group, or Solway Investment Group, The Solway Investment Group, GmbH, is a private international mining and metals group located in Switzerland. Main areas of expertise are industrial project development, relaunching production assets, and developing new projects. With 100% EU capital and operational offices in Luxembourg, Switzerland and Estonia. The Group comprises a number of core investments and operations focused primarily on the metals and mining sector - particularly nickel mining and production. Solway also manages its own direct investment fund with main interests in commercial real estate and information technologies. The Group conducts operations in Macedonia, Ukraine, Indonesia and Guatemala. Solway is an investment firm established in 1992 with assets in mining, iron, steel, IT, and property. The firm has assets in Central and Eastern Europe, Latin America, and the Asia Pacific region.



  • Solway Industries
  • Solway Resource
  • Solway Finance Ltd
  • Solway Real Estate
  • Solway Equity Participation
  • History

  • Aluminum: In the mid-90s acquired controlling interests in several aluminum plants, the Volgograd Aluminum Plant, the Volkhov Aluminum Plant, and the Pikalevo Alumina Plant. These were sold in 2006 to SUAL, now part of Rusal.
  • Ferroalloy: In 1996 an controlling interest was acquired in the Kluchevskoy Ferroalloys Plant in the Ural region. The plant produced a wide range of ferroalloys and rare earth alloys. Solway's interest was sold to a manager group in 2003. It is now part of MidUral Group.
  • Steel: The Red October Steel Plant in Volgograd was acquired in 1999 from creditors in bankruptcy. The plant was restarted and full production restored. It was sold in 2003 to Midland Group. It is now a part of Rosoboronexport, a state-owned firm.
  • Scopski Leguri, an idle smelter in Macedonia was acquired in 2006 and restarted using high-grade manganese ore to produce FeSiMn. The plant was resold in 2006 to investors.
  • Properties and investments

  • The Fenix nickel project is a nickel resource in Guatemala which was purchased from Hudbay Minerals in 2011 for $170 million. The operation had been on care and maintenance since 1980. It includes a brownfield nickel laterite mine and a process plant.
  • Pobuzhskiy Ferronickel Plant (PFP) in Ukraine. The plant was built in 1964 in the Soviet Union. It had been idle for 3 years when Solway acquired it in 2003. Low grade ore from local open pit mines is supplemented by imported ore when possible. It produced 21,000 tones of ferronickel alloy in 2013 from nickel-rich ore using natural gas and pulverized coal as fuel The Pobuzhskiy Iron Nickel Integrated Works Ltd. is a member of the Kyiv Chamber of Commerce and Industry.
  • SASA Zinc & Lead Mine in Macedonia. When acquired in 2005 it had been idle since the late 1990s.
  • Aquila nickel project, 2005, Indonesia
  • Gold prospect on Urup Island, one of the Kuril Islands, exploration license on 50.8 square km in 2005, and mining license in March 2010, 74% interest.
  • Exploration of lead and zinc prospect in Laos 165 square km tract, October 2009.
  • Investment in Coro Mining Corp in May 2011 San Jorge Copper project in Mendoza Province. Argentina.
  • $30 million investment May 2010 in Platmin Ltd, a platinum group mine operator in South Africa.
  • References

    Solway Group Wikipedia

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