shortly after 1971 · Haitianapproximate
Two foreign companies get the right to look for Haitian copper
›Read the full entryClose
Soon after Jean-Claude Duvalier took office the government signed contracts with two large foreign companies covering the survey and possible working of Haiti's copper deposits. Copper had been dug in the north on a small scale and never at volume. The agreements mattered less for the ore than for what they announced. Francois Duvalier had kept foreign capital at a distance, partly from doctrine and partly because few investors would enter a country where the palace could seize anything it noticed. His son's government advertised the opposite policy: outside money and outside technical staff were welcome, and the state would write terms that made them comfortable. That posture governed the next fifteen years. Aid, assembly plants and concessions arrived together, and the share of the proceeds that stopped inside the family and its circle became one of the standing complaints against the regime.