2 May, 2024. Zug, Switzerland. Solway Investment Group GmbH (SIG) proudly announces the opening of its office in the United States. Located in Manhattan, the subsidiary, Fenix Nickel Co., owns significant Guatemalan nickel assets—Compania Guatemalteca de Niquel (CGN) and Compania Procesadora de Niquel de Izabal, S.A. (PRONICO). The critical materials produced by these assets are anticipated to reach the US and European markets once export permits are granted by the State of Guatemala.
This notable expansion into the U.S. marks a major milestone for Solway, as it embraces a new chapter advocating for business practices rooted in environmental stewardship and human rights in Guatemala.
Dan Bronstein, CEO of Solway, expressed his optimism about the new location: “New York is a natural new home for the nickel assets since it is home to global capital markets and clean energy progress and offers positive growth opportunities within the US and global economies as we enter our new paradigm of business.”
2 May, 2024. Zug, Switzerland. Solway Investment Group GmbH (SIG) proudly announces the opening of its office in the United States. Located in Manhattan, the subsidiary, Fenix Nickel Co., owns significant Guatemalan nickel assets—Compania Guatemalteca de Niquel (CGN) and Compania Procesadora de Niquel de Izabal, S.A....
January 17, 2024, Zug, Switzerland. The Guatemalan subsidiaries of Solway Investment Group, a Swiss-based global mining concern, were removed from the United States Treasury Office of Foreign Assets Control (“OFAC”) sanctions list today. COMPANIA GUATEMALTECA DE NIQUEL (CGN) and COMPANIA PROCESADORA DE NIQUEL DE IZABAL,...
December 18, 2023, Zug, Switzerland. Solway is sympathetic to the cause of justice and respect for the rights of indigenous peoples in Guatemala. Solway agrees with the overall result of the case removing ambiguity in property rights that was contested in courts by the Agua...
November 13, 2023, Monrovia, Liberia. Solway Investment Group (SIG), a private international mining and metals group based in Switzerland, has submitted a Notice of Arbitration to the Government of Liberia in the hope of resolving a dispute between its Liberian subsidiary Solway Mining Incorporated (SMI) and...
Solway Investment Group (SIG), a Swiss mining and metals group, is pleased to announce that the US Treasury Office of Foreign Asset Control (OFAC) has granted a license to its Guatemalan subsidiaries Compañia Guatemalteca de Níquel (GCN) and Compañia Procesadora de Níquel de Izabal (ProNiCo). After...
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,...
