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.