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What is happening with the Fénix nickel mine in El Estor, Izabal?

According to the cited documentsStatus of the community consultations: to be confirmedSectors

CGN was renamed Fenix Minerales S.A. and Pronico became Fenix Metales S.A.; the parent company changed from Solway (Switzerland) to Fenix Nickel Company LLC (New York) after OFAC sanctions and social conflict. Operations restarted in May 2026 with community consultations still contested, according to Prensa Libre and Prensa Comunitaria. It is the third flagship project with a record of sanctions and conflict.

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  • Change of corporate name

    CGN → Fenix Minerales S.A.; Pronico → Fenix Metales S.A.

    2025-2026Prensa Libre
  • Change of parent company

    Solway (Switzerland) → Fenix Nickel Company LLC (New York)

    After OFAC sanctionsPrensa Libre
  • Restart of operations

    May 2026

    2026Prensa Libre / Prensa Comunitaria

Sources

  • Prensa Libre

    Fenix Nickel reinicia operaciones en Izabal: inversiones, producción y exportaciones definen ruta

    • Change of corporate name
    • Change of parent company
    prensalibre.comAccessed Aug 19, 2026Go to the source
  • Prensa Comunitaria

    Fenix Nickel reactiva operaciones en El Estor pese a consultas comunitarias pendientes

    prensacomunitaria.orgAccessed Aug 19, 2026Go to the source