Statement by Solway Investment Group on the decision by the Inter-American Court of Human Rights on Guatemala indigenous land rights concerning its two nickel mine companies

Solway never was a party to this case, had nothing to do with alleged violence, threats or harassment of Indigenous people alleged, and never had any active mining or exploration operations in the area concerned.  Solway never was a party to this case, had nothing to do with alleged violence, threats or harassment of Indigenous people alleged, and never had any active mining or exploration operations in the area concerned.  In the last 12 months Solway has implementedwide-ranging reforms,...

Solway never was a party to this case, had nothing to do with alleged violence, threats or harassment of Indigenous people alleged, and never had any active mining or exploration operations in the area concerned. 

In the last 12 months Solway has implemented wide-ranging reforms, seeking to improve transparency and accountability. Solway has put in place a grievance mechanism to enable complaints by affected stakeholders concerning human rights or other adverse impacts to be properly considered. Solway also adopted Сode of Conduct and the Human Rights Policy. In accordance with that policy and the UN Guiding Principles on Business and Human Rights, Solway affirms its respect for human rights, including the fundamental rights to freedom of association and  expression. 

In connection with this effort, the US Government agency, OFAC, issued a broad license to the Guatemalan mining subsidiaries in September 2023, which effectively suspends all sanctions against the two mining subsidiaries for one year. 

While this has nothing to do with the Human Rights Court case, Solway fired the two individuals – one Russian, the other Belarusian – who were sanctioned by OFAC.  

It is Solway's hope, working with the Guatemalan government, that the OFAC license will allow the mines to immediately resume production in a safe and responsible manner and to protect thousands of direct and indirect Guatemalan jobs working for the company's nickel mining and refining operations. An operating mine will not only be a source of stability and economic growth for the region but will also serve as an important source of nickel for US and European battery materials market, negating the need to source these from Chinese and Russian owned mines.

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