Notes
Outline
Matraco-Colorado Haiti Venture
John Walker
Geologist and CEO
jcfwalker@matraco.com
Agenda
Big Picture
Destroy a few Haiti stereotypes
“Geography matters”
Resources & Opportunities
Important undeveloped resources
Caribbean & US markets
Realistic vision for Haiti within next 10 years
Matraco-Colorado role
Part 2: Matraco-Colorado joint venture structure, business case and partnership issues
Part 3: Initial project details
The Big Picture
Centered in the Caribbean Basin…
A mountain-island once called Ayiti
A beautiful island…‘Little Spain’ of Columbus… Pearl of the Antilles to Brando & Bardot
…her own people often see migration as their last hope
Haiti has formidable advantages:
Proximity to dynamic markets
Hard-working, tenacious people anxious for jobs
Special US legal and tax considerations under CBERA/CBI, new HERO act
Haiti: 38% more coastline than Dominican Republic
Haiti has 1,771 km of coastline vs. DR’s 1,288 *
Haiti relief
Haiti major roads
Haiti’s 2nd most important resource: Location
Bahamas, Turks and Caicos, DR, Cayman Islands, Lesser Antilles
Cuba in a few more years?
Most comparable US location: Chicago
Haiti’s Most Important Resource:
Her people
False Stereotype 1: ‘tiny island nation’
Reality: Haiti, with 27,560 sq km of land mass, is 3rd largest nation in the Caribbean
Haiti: Big Country for the Caribbean
La Selle massif rises 2700 meters above sea level Port-au-Prince
(almost 9000 feet)
Compares to 14,300 ft Mt. Evans above ‘mile-high’ Denver
(~ 9000 ft)
False Stereotype 2: ‘Haiti is so overcrowded’
Reality: Low population density compared to her crowded neighbors
Large rural areas are virtually unpopulated – ‘Haitian Outback’
Neither barren nor lifeless as hysterical news stories claim!
False Stereotype 3: ‘Haiti has no resources’
Truth: Important natural resources are largely undeveloped:
Facts:
Haiti has better long-term prospects than much of the West Indies…
where over-dependence on tourism limits opportunity
Strong opportunities for diversified natural resource development…
…and modern, environmentally sound, industrialization
Local value-add, e.g. precast & prestress concrete
Agro-chemicals and industrial minerals manufacture
Needed: good Greenfield projects
Allows ‘Clean sheet of paper’ approach…
…let’s us focus on sustainable development…
instead of mending past mistakes…
too often a big part of projects and acquisitions in more developed countries
Haiti is built of...
High-grade limestone, still rising from the Caribbean seafloor
Plus other important rock types
‘old African’ crustal rock, like Colorado Rockies
later volcanic rocks, basalts and granites
in great demand for US and Caribbean engineering projects
"Remarkably Pure"
Famous American geologist Wendell Woodring, USGS
surveyed Haiti in 1923-24 on foot and with donkeys
wrote most authoritative study to date on geology of Haiti
described certain Haitian limestone as "remarkably pure."
Sent lignite samples to US for testing
Limestone?
Basic industrial commodity
Construction aggregates
Cement production
Industrial and agricultural minerals
Virtually inelastic demand, even during recessions
Demand is function of population: ~9 tons/person/year in USA (according to USGS)
Steady increase due to new industrial, agricultural, medical uses
China growth – affecting all commodities markets; commodities prices rising
Important for infrastructure development in Haiti and elsewhere in Caribbean
Rock quarrying is an honest, straightforward business.  Success depends on:
Producing – and delivering!
Quality material
To proper specifications
On time
At a cost the customer
will pay
Matraco-Colorado is
task-organized to do this.
Haitian quarries can...
Dominate this industry in northern Caribbean
Provide a springboard to Cuba when timing is right
Most
promising
quarry
areas in
Cuba…
…are on
SE coast,
adjacent
to NW
Haiti
Value-add opportunities in limestone aggregates:
Precast and prestress concrete
Basic architectural components
e.g. culvert pipe, roofing tiles, block, flagstones
High-quality custom engineered prestress
Strong demand by marina developers, especially for dock and slip structures
High-end concrete products
Maritime industry, island construction firms, aviation and engineering firms
Requires strategic partnership with industry leader
Hurricane-resistant structures?
Housing in Haiti?
Matraco-Colorado growth through Year 5:
Our vision for Haiti in 10 years…
Maybe not another St. Croix or Martinique…
…but with hard work and reasonable capital investment…
Haiti could be a future Chicago, Milano or Trieste to the Caribbean
Transportation hub
Regional backbone for industrial and agricultural production
Technical and professional services leader
Economic impact...
High-skill, high-wage jobs
support for extended families
secondary impacts to local communities and nation
Matraco-Colorado team:
Haitian businessmen & women, professional scientists and engineers
Strong, smart, non-political, serious about succeeding in Haiti
Intimate knowledge of Haitian geology, mineral resources
Completely familiar with permit process
US & New Zealand engineers, medics, geologist
Project management in lesser developed countries
Emergency medical care, public health skills
Registered Nurse w/ Francophone Africa experience
Special Forces medic w/ Central America, Afghan background
Colorado School of Mines engineer, CSM faculty
Solid industry experience, arguably best CV in USA for project
Experts in modern mechanical surface mining
Needed:
Smart, optimistic business partners and investors
What are your questions about Haiti and her resources?
 Next: Business Case and
   Partnership Issues –
 ‘nuts-and-bolts stuff’
 Break first?