Haiti's new PM: Mining laws being drafted

Haiti's new prime minister says his government is drafting legislation on a newly emerging mining industry to ensure the impoverished Caribbean nation reaps its fair share.

Laurent Lamothe says the legislation will be sent to Parliament soon. He says it will lay out rules apportioning royalties for the government and setting protections for the people and environment that could be affected by mines.

The plans for the legislation come after The Associated Press reported last week that two mining companies have begun drilling in Haiti's northeastern mountains. They estimate that precious metals there are potentially worth $20 billion.

Mining laws in Haiti haven't been revised since 1976.