Solway Investment Group (SIG), a Swiss mining and metals group, releases an update on the first results of the independent investigation conducted in Guatemala. The probe establishes that the company holds no Russian connection and has no relationship to Mayaniquel. Shortly after the US Department of...
Due to the sanctions imposed by the U.S. Department of Treasury Office of Foreign Asset Control (“OFAC”), a mining and a smelting company in Guatemala, Compañía Guatemalteca de Níquel (CGN) and Compania Procesadora de Niquel de Izabal SA (Pronico) are forced to temporarily suspend their...
UPDATE TO THE STATEMENT DATED 18.11.2022 Solway Investment Group (“SIG”) launches an independent investigation of alleged corruption reportedly committed by its two subsidiaries CGN and Pronico in Guatemala. Solway Investment Group, a Swiss company with mining interests around the world, has retained United States law firms...
In response to the recent statement by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on sanctions targeting alleged Russian involvement in Guatemala’s mining sector, Solway Investment Group would like to declare the following: Solway Investment Group ("Solway"), a Swiss family-owned company,...
As the next step in introducing measures identified in Solway’s recently announced ESG implementation plan, the Group adopts grievance mechanisms to enable affected and potentially affected parties, amongst the companies and projects in which Solway invests, to express their concerns and grievances, including those related to human rights. The procedure...
Ukraine’s major ferronickel producer Pobuzhsky Ferronickel Plant has been forced to halt operations after its energy supply system was dramatically affected by damages to the local power grid caused by Russian airstrikes. November 1, 2022. Pobuzhkoe, Ukraine. As of November 01, 2022, the ferronickel producer Pobuzhsky...
In continuation of introducing measures identified in the Group’s recently announced ESG implementation plan, this month Solway started a new project aimed at promoting human rights due diligence initiatives, including identifying business-specific human rights issues, planning corrective actions, applying human rights principles in the Group’s day-to-day operations, conducting regular monitoring and the...
On the day of the 58th anniversary of the National Press Union of Liberia, Solway Investment Group joined 300 journalists in discussing the role of media and public information literacy in creating peaceful, prosperous, just, and inclusive societies. September 30, 2022. Monrovia, Liberia. By supporting the...
The company commits to carry out and communicate annual Human Rights Impact Assessments September 19, 2022. Zug, Switzerland. Solway is addressing the high importance of producing and marketing products in a responsible and environmentally friendly manner by introducing the new corporate Human Rights Policy (https://solwaygroup.com/sustainability-polices/) identifying standards,...
By mutual agreement, the Salzburg Festival’s sponsoring partnership with Solway Investment Group has been terminated with immediate effect. The Solway Investment Group supports the youth programme of the Salzburg Festival as one of three project sponsors. As part of this cooperation, the project “Creative Fellowship”...
