Haiti: Gold Could Brighten Future
By Dialogo July 01, 2012
Haiti’s land may hold the key to relieving centuries of poverty, disaster and
disease: there is gold hidden in its hills — and silver and copper, too.
A flurry of exploratory drilling in the past year has found precious metals
worth potentially $20 billion deep below the tropical ridges in the country’s
northeastern mountains. Now, a mining company is drilling around the clock to
determine how to get those metals out.
The Haitian Government’s annual budget is $1 billion, more than half provided
by foreign assistance. The largest single source of foreign investment, $2 billion,
came from Haitians working abroad last year. A windfall of locally produced wealth
could pay for roads, schools, clean water and sewage systems for the nation’s 10
Haiti’s geological vulnerability is also its promise. Massive tectonic plates
squeeze the island with horrifying consequences, but deep cracks between them form
convenient veins for gold, silver and copper pushed up from the hot innards of the
“Ultimately, I think mining is going to dwarf anything else in Haiti,” says
Michael Fulp, an Albuquerque, New Mexico-based geologist who visited the drill
sites. “Usually you’ve got about a one-in-1,000 chance of making a mine from the
exploratory stage, but those odds are much better in Haiti because of the lack of
any previous modern-day exploration and very, very promising samples.” Due to the
deals struck with mining companies, Haitians should get $1 out of every $2 of
profits, compared with about $1 out of $3 that most countries get from mining
I have just read the news and the truth is that I felt a feeling difficult to explain, a joy perhaps is a way of putting it. Since the earthquake and the devastation of Haiti, I asked myself when their fate would change and now they have found gold. Hopefully they can handle it in a responsible way, because we all know the pollution that is caused by the mining companies, and that they do not waste the money. Good luck, we are vigilant.