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Saturday, September 12, 2026 · Guatemala CityQ7.6282 per US$+0.00%
ADVANCE GUATEMALA
Back to the researchIn research — sources cited, not yet in the verified archive

In depth

Solway, CGN and ProNiCo: the Fénix mine's operator

Dossier
The record of foreign investment: real cases11-casos.md
Domain
Foreign investment, in figurescasos-inversion
Room
Economy/economia
Audited
not audited

Solway Investment Group bought the Fénix project from HudBay Minerals in 2011 for US$170 million. Production started in 2014, the year the ProNiCo processing plant also came on stream; the mine is operated by the subsidiary CGN and the processing by ProNiCo. The dossier leaves unverified in this session the Constitutional Court suspension of 2019–2021, the community consultation and the state of siege declared in El Estor in October 2021; that judicial chronology remains to be researched. The purchase and operating data come from Wikipedia.

The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.

Figures

Solway's purchase of Fénix from HudBayWikipedia (en), Solway Investment Group
US$170 million2011
Start of production and of ProNiCoWikipedia (en), Solway Investment Group
20142014

Caveat

secondary source (Wikipedia); the 2019–2021 Constitutional Court suspension and the October 2021 state of siege are unverified

Sources

Related records

This layer is research: read from public sources by the archive's own team, every claim cited with the date it was consulted, and audited where it is marked so. It has not entered the verified store — no figure here was fetched back from its source or stamped with a retrieval time — so it wears no red provenance numeral and never mixes with the verified figures.