Why Invest in Haiti?
The Haitian Government, with U.N. guidance, has been working hard to create a legal and economic environment to dramatically improve the climate for direct foreign investment. These new policies have fostered interest in business development in Haiti, with mining being one area of emphasis for development.
Improve Haiti's economy and create jobs, while protecting the interests of the country and its population.
The United Nations Stabilization Mission (MINUSTAH), established in 2006, has a mandate to restore a secure and stable environment, promote the political process, strengthen Haiti’s Government institutions and rule-of-law-structures, as well as promote and protect human rights.
in July 2009, Haiti received an International Monetary Fund relief of debts for achieving necessary requirements of the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The Inter-American Development bank handed out over $120 million US in 2009. Currently the Clinton Foundation is very active and a creative force in helping compile a list of NGO organizations assisting Haiti in developing construction, infrastructure, and textile industries.
A New Era For Mining
The island of Hispaniola, has a mountain range across the northern band of the island. The geology of this mountain range is consistent between the Dominican Republic and Haiti, with similar geology running through both countries. According to published reports, the Dominican Republic derives 25% of their GDP from mining, while Haiti currently generates less than 1%.
An example of the potential for Haiti is the Pueblo Viejo deposit in the neighboring Dominican Republic.
As reported by Barrick (www.barrick.com), Pueblo Viejo had 215 million tons of proven and probable ore reserves containing 20.4 million ounces of gold, 117.3 million ounces of silver, and 423.5 million pounds of copper as of year-end 2007.
Even though Haiti's mineral potential is similar to that found in the Dominican Republic, it has remained under-explored. VCS Mining now has the ability to open this prime land for development.