In response to concerns from other stakeholders, Solway Investment Group communicates conclusions out of the Group’s governance and ESG assessment. Solway Group recognizes the importance of producing and marketing products in a responsible and environmentally friendly manner. We are aware of the increasing environmental and social...
Solway has been cooperating with Outokumpu on this assessment from the start and continues to do so. We are currently in the process of analysing the findings and recommendations of the assessment report. We will address Outokumpu's findings and recommendations within the board led independent investigation announced on 15.03.2022. Once...
In response to the allegations raised by the series of publications initiated by the journalistic consortium Forbidden Stories, Solway Investment Group launches a board-led investigation in the conduct of business by the Solway’s subsidiaries Compania Guatemalteca de Niquel SA (SGN), Compania Procesadora de Niquel de...
Following the recent publications of consortium Forbidden Stories and cyber-attacks on our infrastructure in Guatemala, we would like to directly address the allegations and false accusations. We condemn the use of illegal research methods, especially in the situation where we have been fully cooperative with the Forbidden Stories...
Solway Investment Group condemns the actions taken by the Russian government against the people of Ukraine. Despite the fact that it has very limited investment and operating activity in Russia, Solway Investment Group is exiting all its projects in Russia, namely gold mining operations Kurilgeo...
Jakarta, November 8, 2021. PT Aquila Cobalt Nickel (ACN), a subsidiary of the Swiss-based Solway Investment Group, signed a Sales & Purchase Agreement with the state-owned electricity company PT PLN for the supply of 200 MVA to its Aquila Project. The agreement allows ACN to obtain up to 100% of power sourced...
In response to the recent media coverage on the protests in Guatemala, we would formally like to inform on the following: In their operations both Solway’s subsidiaries CGN and Pronico are directed by the applicable legislation of Guatemala and the decisions of the courts. According to the corresponding legal...
In response to the article “Oro, drogas y sobornos: ¿Qué hay detrás del escándalos de corrupción en Guatemala?” published by the outlet EL SIGLO DE TORREÓN on September 14, 2021. Solway Investment Group denies any involvement in the bribing case described in the article. Neither the...
25th August 2021, Zug, Switzerland Solway Investment Group is proud to announce to have been selected as a finalist for the Social and Human Capital Award at 12th Reuters Events: Responsible Business Awards 2021 – the world’s leading celebration of responsible business excellence. Reuters Events Responsible Business Awards are the world’s leading...
2020 Solway Group consolidated revenues of USD 624.2 million, the same as last year. Group Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of USD 167 million with EBITDA margin of 26.7 % Production costs decreased by 6.3 % year over year (y-o-y) to...
