Haiti

Newmont Mining Corp. Purchases Canadian Mining Company’s Interests In Haiti

 

Photo credit: Garry Pierre-Pierre

Photo credit: Garry Pierre-Pierre

By Rachele Viard

A subsidiary of mining giant Newmont Mining Corp. recently acquired a Canadian company’s joint-venture interests in Haiti, the company announced on Nov. 2.

Vancouver-based Eurasian Minerals Inc. said it sold its interests covering six exploration sites in northern Haiti to the Newmont subsidiary for about 4 million USD and a 0.5 percent royalty.

Newmont Mining Corp. halted active exploration in Haiti in 2012. Omar Jabara, a spokesman for the company, said they have “no plans to take the exploration sites off of care and maintenance.”

Haiti’s mineral extraction industry has been largely dormant since the 1970s. Mining had been seen as a potential new resource of revenue and jobs after the country’s 2010 earthquake.

Rachele Viard

Rachele Viard

Managing Editor at Haitian Times
Born into a Haitian family in Stone Mountain GA. , Rachele visited Haiti several times in her youth and connected to the country and the culture. She moved to Haiti in 2009, where she put her English degree to use as a writer, using her voice and pen to promote tourism in the country and highlight the richness of the Haitian culture and people.
Rachele Viard
Nov. 04, 2015

Leave a Reply

Your email address will not be published. Required fields are marked *