Shaataauh subscribes to the traditional wisdom that "mining is the key that converts dormant mineral wealth into schools, homes, ports, and other forms of capital that directly contribute to economic development."
The idea of returning to Haiti to help make a difference was conceived while our founding members were in their sophomore year in college. They wanted to make a difference that would change the lives of Haitians on a grand scale. After years of studying the state of Haiti, it became apparent that the reason the country is the poorest in the western hemisphere is because she is not part of the commerce world.
In search of a solution, the founders decided to figure out how to manufacture or transform local resources for export. Our founders came across a United Nations' report concerning stones in Haiti in the fall of 1994. While travelling to Haiti in the spring of 1995, our founders began to locate many different marble deposits mentioned in the report, while talking to government officials regarding securing a permit of exploitation. After nearly two decades, the permit was finally awarded in November of 2013.
The permit covers our quarry in Duchity, a locality in the south of Haiti. Duchity houses a beautiful crème marble that is well sought after. We appraised 13 hectares out of 40 hectares with the help of Global Valuation, Inc, a US based appraisal firm, together with the assistance of Haiti's leading Geologist, Claude Prepetit.
They appraised the 13 hectares at only 100ft deep (note that the quarry sits at an altitude of 740 meters above sea level) and has an estimated market value well in excess of US half of a billion dollars.
Despite such an appraised value, we have not been able to secure a five million dollars loan to open the quarry and put people to work. The global market for natural stone products is well in excess of 80 billion dollars with an annual growth of 10%. The United States consumes nearly eight billion dollars, annually, with an increment of 10% yearly. 55% of the United States consumption is imported primarily from Brazil, China, India, Turkey and Italy. Additionally, Haiti imported over 15 million dollars’ worth of ceramics and natural stone products between 2013-2014. Shaataauh Marbres, S.A. looks to gain a conservative 3% of the United States market, which would create significant employment for the people of Haiti.
We are actively seeking investors. In the interim, we are building a state-of-the-art training center to train all able Haitians on how to become stone artisans.
“The Haitian Government has emphasized encouraging foreign investment and developing private-led market-based economic growth. Haiti encourages the inflow of new capital and technological innovations and has stated a commitment to improve the business environment and attract foreign investors.” – www.state.gov
The estimated population of Haiti as of 2012 is 10,413,211, more than 80 percent of which live below the poverty line. As per the Institut Haitien de Statitique et d'Informatique (IHSI) more than 90 percent of the Haitian labor force is currently unemployed. To reduce this drastically large number of people living in poverty, Haiti must spur job creation through economic activity and investments.
We invite you all to be part of changing the course of Haiti. Assist us in “bringing the hidden beauty of Haiti to the world.”
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Join us in helping change the course of Haiti.
We look forward to your participation.