Two young men fish at dawn in Lake Izabal near the Fenix nickel mining project. Established in 1965 as the EXMIBAL mine, owned by Canadian mining firm INCO, the project was transferred to the Guatemalan Nickel Company (CGN) in 2005 after the expiration of the original 40-year license. CGN was the local subsidiary of Canadian Skye Resources, a junior mining company comprised of former INCO directors, until Canadian HudBay Minerals acquired Skye Resources in 2008. Russian-based Solway Group bought the mine in 2011. The Fenix project, marred with numerous human rights issues throughout its history, began formal processing operations in May 2014.