Company encroaching on ArcelorMittal Concession area Linked to Millionaire Within Putin’s Russia Inner Circle - News Summed Up

Company encroaching on ArcelorMittal Concession area Linked to Millionaire Within Putin’s Russia Inner Circle


Prior to that ceremony, ArcelorMittal, in a communication dated June 26, 2020, directly confronted Solway Mining Inc. informing them of the alleged encroachment on their concession area. The 55 squared kilometer, three-year concession, was awarded on 14 October to Solway Mining. Now, it appears the pair is trying to return under a new name, Fenix Mining. Solway’s Fenix Project is a fully integrated ferronickel production facility in eastern Guatemala first developed in 1960. Today, the Fenix Project is comprised of a nickel mine, a newly built power plant and the ProNiCo metal processing facility.


Source: Front Page Africa September 18, 2020 07:18 UTC



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