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Russia’s Solway invests $1.4 billion in Guatemalan nickel

Friday, November 11, 2011


Russia’s Solway Investment Group aims to invest $1.45 to $1.65 million in reactivation of the FeNix nickel project in Guatemala.

Solway acquired FeNix from Canada’s Hudbay Minerals in September.

With Solway in charge, development of FeNix will be in three stages. The first began last month with engineering with the aim of achieving production as soon as possible.

 



Original source (in Spanish): Prensa Libre