La Compañía Procesadora de Níquel de Izabal (PRONICO) is a subsidiary of Solway Investment Group which created the company in September 2013 after purchasing the rights for the mining projects of FeNix and Montúfar in September 2011 with the acquisition of La Compañía Guatemalteca de Níquel (CGN) which  develops its activity in the department of Izabal.

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