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More Than $20 Billion Worth Of Gold Found In Haiti

Submitted by on May 14, 2012 – 10:21 am18 Comments
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Precious metals worth potentially over $20 billion have been found deep below the tropical ridges in Haiti’s northeastern mountains.

The most obvious question now is will government officials (both locally and on the U.S. front) be good stewards of the find or will they just tragically line their pockets? According to MSNBC, a mining company is drilling around the clock right now to determine how to get the metals—gold, silver and copper—out.

“If the mining companies are honest and if Haiti has a good government, then here is a way for this country to move forward,” says Bureau of Mines Director Dieuseul Anglade.

“When I first heard whispers of this I said, ‘Gold mines? There could be gold mines in Haiti?’” says Michel Lamarre, a Haitian engineer whose firm, SOMINE, is leading the exploration. “I truly believe this is our answer to taking care of ourselves instead of constantly living on donations.”

Geologists have found at least one million ounces of gold at two sites so far and earlier this year, prospectors found between 20 million and 30 million ounces of silver. Copper reportedly may become the most lucrative find of all; geologists suspect more than one million tons lay in just one of many areas under exploration.

As MSNBC reports, a windfall of locally produced wealth could pay for roads, schools, clean water and sewage systems for Haiti’s 10 million people, most of whom live on as little as $1.25 a day. Countless residents are still living in tents from the devastating January 2010 earthquake and efforts to rebrand the nation from a charity to investment destination have been eclipsed by self-made internal crises, controversy and corruption scandals. Here’s praying this recent find of precious metals will be the long-awaited windfall the country needs to finally get on its feet.

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18 Comments »

  • cee says:

    If past is prologue, I fear the worst.

    Not only of the diversion of developmental resources, but also abuse of workers and lack of any environmental standards that will have long term horrible implications.

    Even the fact that reporting on this discovery has been mostly under the radar is not an encouraging omen.

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  • Wow…This is great news for Haiti, if and only if the funds are used for an improved infrastructure. The institutions that makes a country prosperous, such as schools, roads, jobs, and hospitals should be the 1st thing to go into action after “Thanking God.” Praying for wisdom would be paramount. Hopefully, Haiti will be able to spoil themselves a little. Disperse a few dollars to everyone. This $20 Billion dollar find is history in the making.

    Make the money circulate around the country. Let’s not forget to payoff nations debt as well. The week of Haitian Independence Day is when they choose to release this news. I don’t believe in coincidence. Let’s see what happens.

    Hip Hip Hooray for Haiti.

  • stuart says:

    This is Prime example that there is still a GOD, when haiti thought that all hope was lost …….. The world had them in their prayers i hope that all profits benefits that country, to bring them out of that eror of poverty they were faced with for so many years

  • Almando says:

    I have no doubt! Christopher Columbus and his fellows haven’t taken all; and they would never be able to. Anyways, my question is, what are the hands that are starring at those $20 billion? I pray that the world, the well-known as super-powers be gracious to us! And if God is for Haiti, who will stand against it?

    Hooray for Haiti!!!!

  • Dr. D says:

    I am happy finally that these secrets are now to the world. Who didnt know about it? Haitians, French, Americans and Canadians all knew that our land is spurred with riches and riches. But what is fustrating about the whole thing is the fact that the Canadians had the nerve to say our gold mine is only worth 20 billions. According to other reseachers, haiti’s gold can be worth as much as 100 to 200 billions of dollars. And that my friends is only in the north of Haiti. What about Leogane-Jacmel-Les Cayes- Jeremie-Petit Goave- Grand Goave etc…All those spots are full with minerals. Uranium in Miragoane. Coal in Jeremie, And don’t forget my home town Port-au-prince, the spot for the black gold. (OIL). We are a very rich place and I believe the time has come for us to stop begging the whole world and try to live with what we have.
    Come on now! let’s do the math: they’ve claimed to have found 23 million ounces of gold, let’s time that by 1600 and equal to 36,800.000.000 billions for only two spots.watch out now haitians.
    A bon entendeur Salut!

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  • fotubank says:

    really nice, Thank you very much for sharing

  • Yaw Anane says:

    I am happy for the Haitian people, they’ve endured poverty for a very long time and hope they enjoy their new found wealth,

  • [...] More Than $20 Billion Worth Of Gold Found In Haiti [...]

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  • Gino says:

    Gold mining is one of the most environmentally destructive activities known the lot of the Haitian people will get worse while outsiders will profit

  • Patrice says:

    The discovery of Gold mining wealth, estimated at about 20 billion American Dollars is good news. Absolutely! The International could invest in the Haitian mining sector: This can make the creation of new direct and indirect jobs in the region Northeast concerned; plus wealth creation at the level of GDP; the government finally,can invest in infrastructures in the Mountains of Nort-East so that people enjoy real sustainable development.

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