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Haiti’s natural resources, a country having too many resources and foreign plunderers.
#haiti #naturalresource #bstocks #oil #gold
Haiti’s is the poorest country in the west and about 60% of its population lives in poverty with food and water shortages.
The country’s government has very less control while the criminal gangs to control most of the country in their respective marked regions.
But this poor country has to much rich resources inside that needs special attention before someone else takes over it.
1. Oil and natural gas
A recent study showed the nation of Haiti might have largest oil reserves in the world.
Nations close to Greater Antilles such as Porto Rico, Cuba, Haiti and Dominica republic are said to be sitting on an estimated natural gas of about 159 billion cubic foot and 142 million barrels of oil.
And the undiscovered reserves are estimated to be as much as 941 million barrel of crude oil and 1.2 trillion cubic feet of natural gas.
Haiti’s territory lies in that region of Greater Antilles which are rich in oil. Especially the areas of central plateau, bay of Port-Au-Prince, Thomond, and cul-de-sac plain are all being that have rich oil reserves.
Up till now only 3 million barrels is being extracted a year through 20 oil sites.
A French scientist, Daniel Mathurin, compared Haiti’s oil reserves as a swimming pool while Venezuela oil reserves as glass of water in comparison to Haiti’s reserves.
2. Gold
The nation of Haiti is thought to have gold deposits that can at least be worth up to $20 billion.
Two locations discovered and being extracted for gold have reported finding of at least million ounces of gold.
Up till now only SOMINE SA company is allowed to exploit the gold reserves of the country and other then this a Canadian company Majescor have already bought 173 sq. miles of the land which is rich in gold. And Majescore also share 50% of SOMINE SA shares.
3. Copper
Haiti has 2% of the world copper reserves and that is a large amount.
And new areas are being discovered making Haiti’s global copper share more then 2%
But again, the copper sector is also mostly being handled by the Canadian company Majescore.
Only the gold reserves are enough to finish off the poverty in the country of Haiti, while using up all the resources will convert Haiti into an advanced develop state but if used properly
Haiti needs to control its reserve extraction before it gets to much exploited by foreign companies but if truly said there is a 99% chance foreign companies and countries will juice out its resources and give nothing back to Haiti.
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