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Solway Investment Group, on behalf of Compañía Guatemalteca de Níquel (CGN) and Compañía Guatemalteca de Níquel de Izabal S.A. (Pronico), would like to make a clarification regarding the ruling of Guatemala’s constitutional court, made on July 18, 2019, to temporarily suspend the operating license at Fénix.

On July 25, 2019, the hearing on the ruling to temporarily suspend the operating license at Fénix took place in Guatemala’s constitutional court. More than 20 communities from El Estor and neighboring villages in the Izabal province declared their full support of the Fénix project in front of the judges. The representatives of the province’s business community, CGN’s trade union, the mayor of El Estor, and representatives of fishermen’s’ trade union, all present in the courtroom, also expressed their support of Fénix, emphasizing CGN’s role in securing the local populations’ social and financial stability.

Through his official Facebook account, Guatemala’s President Jimmy Morales expressed his support of the project. The Ministry of Environment and Natural Resources confirmed that both CGN and PRONICO are in full compliance with all the applicable environmental regulations.

MARN Constancia de cumplimiento

MARN Solicitud Solvencia CGN

 El Estor’s mayor wrote a letter of appreciation in support of the company.

MUNI EE

Solway’s operational activities are always performed in accordance with the law and therefore we will comply with the Constitutional court’s decision. However, as an employer responsible for the lives of over 2,000 staff members and their families, we will take all possible measures not to halt our operations to the extent that this is possible within the legal framework.