| Newmont buys Canadian mining company's interests in Haiti | |
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PORT-AU-PRINCE, Haiti (AP) -- A subsidiary of American mining giant Newmont Mining Corp. has bought a Canadian company's joint-venture interests in Haiti, officials announced Monday.
In a statement, Vancouver-based Eurasian Minerals Inc. said it sold its interests covering six exploration sites in northern Haiti to the Newmont subsidiary for $4 million and a 0.5 percent royalty.
Newmont Mining Corp. suspended active exploration in Haiti in 2012. Company spokesman Omar Jabara said Monday that the Colorado-based company has "no plans to take the exploration sites off of care and maintenance."
Other than recent prospecting, Haiti's mineral extraction industry has been largely dormant since the 1970s.
Mining had been seen as a potential new resource of revenue and jobs after the country's 2010 earthquake. But the Haitian government has been unable to enact a revised mining law to establish environmental regulations and royalty revenues.
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : EMX.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eurasian Min. is a gold and silver royalty company based in Canada. Eurasian Min. holds various exploration projects in Australia, in Sweden and in Turkey. Its main exploration properties are VERT DE GRIS, GRAND BOIS, LA MINE AND TREUIL and LA MIEL in Haiti, AKOGUZ and ORGATASH in Kyrgyzstan, AKARCA, GOLCUK, ELMALI and SISORTA in Turkey, SOPOT in Romania, KOONENBERRY in Australia and KIRUNA SOUTH in Sweden. Eurasian Min. is listed in Canada and in United States of America. Its market capitalisation is 122.4 millions as of today (US$ 89.1 millions, € 81.4 millions). Its stock quote reached its lowest recent point on March 07, 2003 at 0.28, and its highest recent level on January 08, 2021 at 4.83. Eurasian Min. has 47 442 200 shares outstanding. |