Haiti has one of the largest iridium reserves in the world. The country is second in iridium reserves after South Africa, says economics development specialist, Dr. Henry Vixamar. He says that this assessment comes from South African experts following a study carried out in Haiti in 2014. This information and its sources are also known by Haiti’s Bureau of Mines and Energy (BME), emphasizes the professor.

For Professor Vixamar, the exploitation of these reserves could allow the revival of Haiti’s economy as well as the creation of millions of jobs in several sectors of the national economy. He made his remarks on Le Point on Radio Métropole.

Iridium is a very profitable metal, especially during the year 2021. During 2020, the average price per ounce (12.5 grams) of the metal was $2,550 US. But for the month of March 2021, its value had reached $6,000 US per ounce, nearly three times the price of gold for the same month.

Haiti has the World’s Second Largest Iridium Deposits | Haiti Liberte