Wednesday, September 26, 2012

Haiti: Mining law due in 6 months - PM Lamothe

A drill worker listens for the bit, hundreds of feet underground, during exploratory drilling for minerals and metals Haiti. PHOTO/Dieu Nalio Chery/AP

Haiti's prime minister says the government hopes to introduce a new mining law within six months that could set royalties rates of between 9 and 12 percent on companies drilling for precious metals.

Haiti is seeking to update nearly 40-year-old mining laws in an effort to reap benefits from the newly emerging industry. Two mining

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