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What sanctions did the United States impose on Guatemala's nickel mining sector?

According to the cited documentsCases

OFAC designation date

18 Nov 2022

2022OFAC

On 18 November 2022 OFAC (the US Treasury) designated CGN and ProNiCo, subsidiaries of Solway, under the Global Magnitsky program, along with Mayaníquel and two individuals, over corruption allegations; the statement was headed ‘Treasury Targets Russian-Backed Corruption in Guatemala Mining Sector’. The designation affected the Fénix operation.

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  • Entities designated

    CGN, ProNiCo, Mayaníquel and two individuals

    2022OFAC
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Sources

  • OFAC

    Recent Actions 18-nov-2022: Treasury Targets Russian-Backed Corruption in Guatemala Mining Sector

    • OFAC designation date
    • Entities designated
    ofac.treasury.govAccessed Aug 19, 2026Go to the source