The mineral industry of Guatemala includes: * The Marlin Mine, a gold mine owned by Montana Exploradora de Guatemala, S.A (Montana), a subsidiary of Canadian company Goldcorp. * The El Estor mine, one of the largest nickel mines in Guatemala. The mine is located in El Estor in Izabal Department. The mine has reserves amounting to 50 million tonnes of ore grading 1.5% nickel. * The Fenix nickel project is a nickel resource in Guatemala which was sold by Hudbay Minerals in 2011 for $170 million to the Russian owned Solway Group, headquartered in Cyprus. The operation had been on care and maintenance since 1980. It includes a brownfield nickel laterite mine and a process plant. The mine is located in El Estor in Izabal Department. The mine has reserves amounting to 36.1 million tonnes of o