Economy

Haiti’s wealth of untapped mining resources must benefit the poor | Global development | theguardian.com


Over the past five years a few companies have undertaken exploration and now they are trying to get licensed to explore further. Recent estimates suggest that around 2,400 sq km of northern Haiti – or about 8% of the surface of the entire country – could be ripped away from local farmers and given to US and Canadian companies.

The mineral wealth for this area, which includes gold, copper and silver, is estimated to be worth more than $20bn (£12.1bn).

Alarmingly, some contracts have been granted behind closed doors, without scrutiny or participation by Haitian civil society or parliament. Opening this kind of opportunity to foreign investors without proper laws, enforcement and transparency in place has created much anger among the population and some politicians alike.  via | theguardian.com

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