Asset Report
Pronico (Fenix) nickel operation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Hudbay sold the Fenix project to the Solway Group in 2011. Solway agreed to pay the company $140M in cash at the closing of the deal, and $30M after certain conditions were satisfied. Since acquiring Fenix in 2011, the Group has invested US$530 million on the asset. Due to sanctions and controversies, the company ceased production starting from 2022. It was removed from the sactions list in 2024 and planned to resume operations, subject to financing. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.
Table of contents
- Emissions
- Mining
Tables and charts
This report includes the following images and tables:
- Fenix Emission Intensity Quartile Ranking - total global production - tonnes Ni equivalent
- Detailed map
What's included
This report contains:
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