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Newmont Mining Corp

Publié le 13 avril 2015

Mining in Haiti on hold amid uncertainty and opposition

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Mots clés associés :   Bill Clinton | Copper | Corruption | Haiti | Justice |

Mining in Haiti on hold amid uncertainty and opposition

CAP-HAITIEN, Haiti (AP) -- The 50-year-old man from the village scrambled up a grassy hill to ask the onsite manager of a U.S. mining company for work. Joseph Tony had heard VCS Mining Inc. was bringing jobs, along with paved roads and electricity, to this corner of rural northern Haiti. "Everybody is waiting," he said.

But Williamcite Noel, the only VCS employee in Haiti, had nothing to offer. Although the company received one of two government gold mining permits in December 2012, its Morne Bossa project was frozen two months later when Parliament imposed a moratorium on mining activity amid deep concern about the country's capacity to regulate such a complex industry.

Mining had been seen as a potential new source of revenue and jobs for impoverished Haiti after the January 2010 earthquake devastated the capital in the south. Companies spent $30 million prospecting, with the encouragement of a government eager to bring development to the countryside, where most people get by on subsistence farming and lack even basic services.

But the new era in mining that some had predicted remains out of reach because the Haiti has been unable to enact a revised mining law establishing such fundamental issues as the environmental regulations and royalty revenues.

Now it's too late for this government. The administration of President Michel Martelly, a musician who had little support in the Senate and Chamber of Deputies when he took office in May 2011, was unable to get the law completed and passed before Parliament was dissolved in January. The prospects when a new government takes over next year are uncertain.

"Everything is being put on hold," said Tucker Barrie, vice president of exploration for Majescor Resources Inc., a Canadian company that received the other production permit, for two concessions north of Morne Bossa.

Majescor once had up to 100 workers in Haiti assisting with its exploration, but went down to a single caretaker. After spending $5 million, the company last month turned over its stake to its Haitian subsidiary in exchange for a share of any future royalties. Barrie said that will require the local firm to find a new partner or outside capital.

"There will be little interest until the mining law issues are resolved," he said.

Mining giant Newmont Mining Corp., which was studying Haiti for potential sites in partnership with Eurasian Minerals Inc., suspended active exploration in the country in 2012, according to spokesman Omar Jabara.

Before the post-quake mining push, the mineral extraction industry had been dormant in Haiti since a copper mine near Gonaives closed in the 1970s. The country is believed to have the same veins of copper and gold found across the border in the Dominican Republic and could yield an estimated $20 billion in gold and other metals.

Angelo Viard, the Haitian-American president of VCS, pledged to hire locals, pave roads and bring electricity to the village near his 31-acre claim on the hill known as Morne Bossa. The company built a basketball court and sponsored a soccer tournament, and Tony said that generated goodwill. "People have a lot of hope in the company," he said.

Many Haitians are not eager to see the development of mining, skeptical of an industry that could pollute a country with a history of weak regulation and environmental problems. Camille Chalmers, an economics professor and member of an advocacy group called the Mining Justice Collective, said any potential benefits for Haitian workers are vastly overstated.

"All the important jobs, with decent salaries, will go to people from abroad," said Chalmers, who has tracked the industry with lawyers from New York University's Global Justice Clinic. "The paved roads and the electricity are for the mines, not for the people."

Chalmers said the delay is good. "We would need a moratorium of at least 10 years to really create the conditions that would enable rational regulation of the industry in the public's interest," he said.

Critics also fear mining companies will have undue influence in a country long plagued by corruption. VCS fended off charges of buying influence after a press release about an upcoming book by author Peter Schweizer reported that the company had named to its board of directors Tony Rodham, a brother of Hillary Rodham Clinton, and ex-Prime Minister Jean-Max Bellerive, who was co-chairman of a reconstruction commission with former U.S. President Bill Clinton.

Viard said Bellerive and Rodham are advisers, not board members, and they were brought in after he already had the permit. "Mr. Rodham is a person who knows the industry and the financial world and may be able to point us to some party who may be interested in investing."

He said the country's uncertain political climate has scared away potential partners. "Any investors we talk to, they say 'It sounds like a great project but it is Haiti,'" said Viard. "People look at the instability, they look at the history."

Bellerive said he is an unpaid adviser, and Haiti should consider mining only if it can ensure that the environment will be protected, local communities are developed in conjunction with any mining and the government is fairly compensated. "I am not really sure we are prepared to face all those issues right now," he said.

Members of Parliament agreed, passing the resolution in December 2012 that halted mining activity after ruling that the permits already issued weren't legal. The government began working on new regulations with help from the World Bank, but critics say the process was being done without sufficient public input and that the draft was never publicly released.

A standoff between Martelly and the Senate over the legislation needed to schedule elections dragged on until Parliament was dissolved in January, ending prospects not just for the mining law but any other significant legislation. Legislative elections are scheduled for August and a presidential election for October.

The new Parliament won't be seated until next January, followed by a new president, who will then nominate a new prime minister and Cabinet in a process that typically takes several months in Haiti.  No one knows when, or even if, the new government will submit mining legislation.

In the meantime, Tony and others like him say they will be waiting for mining jobs and the infrastructure that would have to come with it. "The mine should be exploited so this area can be developed," he says. "It can't stay like this."

Lire la suite de l'article sur sg.finance.yahoo.com
Données et statistiques pour les pays mentionnés : Haiti | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Haiti | Tous

Newmont Mining Corp

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Newmont est une société de production minière d'or et de cuivre basée aux Etats-Unis D'Amerique.

Newmont est productrice d'or, de cuivre, d'argent au Canada, au Ghana, au Mexique, au Perou, en Australie, en Bolivie, en Indonesie, en Nouvelle-Zelande et en Ouzbekistan, en développement de projets de cuivre et d'or au Canada, au Ghana et au Perou, et détient divers projets d'exploration au Canada, aux Iles Salomon, en Equateur, en Guyana, en Indonesie et en Turquie.

Ses principaux projets en production sont KORI KOLLO en Bolivie, KALGOORLIE "SUPER PIT" JV, TURQUOISE RIDGE (GETCHELL), YANDAL / JUNDEE, BODDINGTON, JUNDEE, BODDINGTON MINE, TANAMI, NEVADA STOCKPILES, CARLIN OPEN PIT, TWIN CREEKS, LONE TREE COMPLEX, PHOENIX, CARLIN UNDERGROUND et MIDAS en Australie, YANACOCHA MINE, LEEVILLE MINING COMPLEX, YANACOCHA et LA ZANJA au Perou, CON MINE au Canada, BATU HIJAU, BATU HIJAU STOCKPILES et KEN SNYDER en Indonesie, AHAFO et AHAFO SOUTH au Ghana, HERRADURA, LA HERRADURA et SOLEDAD & DIPOLOS au Mexique, ZARAFSHAN, NEVADA IN PROCESS et ZARAFSHAN en Ouzbekistan et MARTHA (WAIHI) MINE en Nouvelle-Zelande, ses principaux projets en développement sont CONGA au Perou, AKYEM au Ghana et FORT A LA CORNE (FALC) - JV au Canada et ses principaux projets en exploration sont MINAHASA et LONE TREE GOLD MINE en Indonesie, MADRID DEPOSIT SOUTH PATCH, DUQUET, BEAR LODGE, LESPERANCE, MONUMENT BAY, MADRID DEPOSIT NAARTOK WEST, HOPE BAY BOSTON, MADRID DEPOSIT NAARTOK EAST, HOPE BAY MADRID, HOPE BAY DORIS, RAIN et GOLDEN EAGLE MINE au Canada, MACARA et TOBOGGAN JV en Equateur, WOODLINE, ADELAIDE et TUSCARORA en Australie et CALCATREAU en Argentine.

Newmont est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 23,2 milliards US$ (21,7 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 24 juillet 1987 à 10,34 US$, et son plus haut niveau récent le 25 avril 2024 à 43,52 US$.

Newmont possède 534 000 000 actions en circulation.

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NYSE (NEM)TORONTO (NMC.TO)
43,52+12.75%26,25+1.04%
NYSE
US$ 43,52
25/04 14:13 4,92
12,75%
Cours préc. Ouverture
38,60 40,33
Bas haut
39,99 43,54
Année b/h Var. YTD
29,86 -  43,52 6,38%
52 sem. b/h var. 52 sem.
29,86 -  49,41 -9,71%
Volume var. 1 mois
22 019 043 28,30%
24hGold TrendPower© : 12
Produit Copper - Gold - Silver
Développe Copper - Gold
Recherche Cobalt - Copper - Gold - Silver
 
 
 
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LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
20247,54%
2023-14,26%54,4537,84
2022-23,90%86,3637,45
20213,56%75,3152,60
202040,22%72,2233,00
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,75 AU$+0,52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
11,71 US$+7,23%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,54 GBX-2,55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,48 CA$+4,20%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,54 CA$+1,44%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,89 CA$+6,78%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,12 US$+0,03%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :