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 Isabal SA (Pronico), its affiliates, agents, management, and associated persons.
The decision to commence a board-led investigation of events in Guatemala resonates our dedication to learn lessons and to make any necessary improvements to the Group’s processes and governance.
The investigation will focus on events at CGN and Pronico to assess Solway’s internal standards, procedures, reporting and governance, as well as examining the subsidiaries’ relationship and communications with the local communities. Once the investigation is completed, the board will inform all relevant stakeholders on its results and further decisions taken by the Group.
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...
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...
Solway Investment Group is proud to be a partner of the inaugural International Sustainability Forum organized by the Association of Sustainable Development Experts, the first international community of sustainability practitioners in Ukraine. With a focus on increasing knowledge of sustainability and building an international culture of...
Solway is pleased to announce its first venture into lithium and graphite production as the Group seeks out cleaner, green energy metals and net zero emissions projects. The investments in graphite and lithium are a timely response to rapidly growing global demand for rechargeable battery...
February 23, 2021. Radovish, North Macedonia. In accordance with the Law on Environment of North Macedonia, after passing inspection and fulfilling the necessary legal conditions, Borov Dol DOOEL-Radovish was granted an A-Integrated environmental permit by the Ministry of Environment and Physical Planning of North Macedonia. The award...
