HOMONHON CHROMITE, PHILIPPINES
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 km long, 3 km wide at its narrowest point, and is located in the province of Eastern Samar.
The first open pit mine is located in the south of Homonhon. Solway has verified reserves of 12 million tonnes of chromite concentrate on the site, with a planned monthly production of 80,000 tonnes of chromite concentrate, with over 50% Cr2O3 content over a 10-year mine life. The southern Homonhon mining tenement is characterised by weathered ultramafic rocks, creating laterites consisting 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 in an area rich with gabbro and dunite that spans over 2,000 hectares. Solway Group is currently in the process of verifying reserves of approximately 6 million tonnes of chromite concentrate, with a planned monthly production of 40,000 tonnes with over 50% Cr2O3 content over a 10-year mine life.