Jamaica Gleaner
Published: Wednesday | April 29, 2009
Home : Business
Canadian company to explore for gold in Haiti
A Montreal-based mining company has announced plans to explore the mountains of northeastern Haiti for gold and copper.

Majescor Resources Inc will explore the site in a partnership with Simact Mining Holding Inc, a Long Island, New York-based consortium of Haitian-American investors.

Discouraged investment

Majescor President Marc-Andre Bernier said Monday the company is encouraged by explorations that Eurasian Minerals Inc is conducting at a nearby site.

Gold and copper were found in the Caribbean nation decades ago, but Haiti's instability and lack of infrastructure have discouraged investment.

A Barrick Gold Corp site about 130 miles (210 kilometres) southeast in the Dominican Republic is estimated to contain 20.4 million ounces of gold.

- AP

Home | Lead Stories | News | Business | Sport | Commentary | Letters | Entertainment | Profiles in Medicine | Caribbean |