Black Hawk Mining Articles - Silver, Copper Mining could Save Haiti - PowerPoint PPT Presentation

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Black Hawk Mining Articles - Silver, Copper Mining could Save Haiti

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It seemed that every week I was doing an Oil and Gas Play. Alternative energy plays were very popular…biofuels and solar, too. BUT, the clear winner over the past year has been the Lithium mining sector. I saw a succession of mining plays like LIEG, AMEL, LTUM, BHWX and AMLM parade across the paid promotion universe. They did just want “pump and dumps” should do…they skyrocketed and then fell. They all has slick, professional websites that touted that Lithium was the “energy source of the future”. It may well be, but these companies are very far away from being viable companies. – PowerPoint PPT presentation

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Title: Black Hawk Mining Articles - Silver, Copper Mining could Save Haiti


1
Black Hawk Mining Article
  • Silver, Copper Mining could Save Haiti

2
  • Haitis copper and silver reserves in its hills
    are now up for an extensive exploitation by a
    Canadian corporation that has reportedly damaged
    the neighboring Dominican Republic.
  •  
  • Once this mining plan is authorized while Haiti
    is under foreign occupation, it could practically
    leave the country without its ecological,
    cultural and mineral wealth.

3
  • Moreover, concerns surrounding the mining venture
    have been raised as the operation calls for the
    construction of a deep-water port in the
    northeastern part of the country, posing a
    significant threat to their marine ecosystem.
  •  
  • The biggest water reservoir that is near the
    mining operations is at constant risk of cyanide
    contamination, adding to the reports that the
    firm has been previously accused of destroying
    Indian archeological sites by using dynamites on
    mountainsand.

4
  • Geologists of the United Nations have documented
    significant pockets of copper and gold in 1970s
    but at that time, foreigners were not willing to
    risk their money in an unstable and corrupt
    country.
  •  
  • Surprisingly, it was not after the 2010
    earthquake that outside investment was encouraged
    and investors discovered a good opportunity. In
    fact, just 2 weeks after the catastrophe, a
    Canadian exploration company purchased all the
    stocks of the only Haitian company which has full
    permits in exchange for an area of land,
    practically appearing as a scam.

5
  • Three companies are already considering prospects
    of mining in Haiti but at present, only Somine
    has complete concessions to bring the metals out
    of the area. The said permits for 31 square miles
    were negotiated in 1996 during the presidency of
    Rene Preval and which required the company to
    hire Haitians.

6
  • According to the parties interested in the mining
    prospects
  • What were most excited about is that we found
    some silver which was never really realized
    before. Its the first silver discovery in Haiti.
    Part of the reason why it was never really
    discovered was that historically there was so
    much copper prevalent theres a lot of
    outcropping at surface. The people who did the
    work before did not do much testing, even for
    gold. The geology is a little complex for a
    copper porphyry, but in a good way. The surprises
    that were getting are all good ones.
  • At the end of the day, if Haiti could have a good
    administration and honest mining companies, it is
    still possible for it to move forward, said Black
    Hawk Mining Bulletin Articles
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