Other Questions. - Ore Exports.

Wednesday, 23 June 1999

Dáil Éireann Debate
Vol. 506 No. 6

First Page Previous Page Page of 120 Next Page Last Page

  16.  Mr. Howlin  Information on Brendan Howlin  Zoom on Brendan Howlin   asked the Minister for the Marine  Information on Michael J. Woods  Zoom on Michael J. Woods   and Natural Resources the value of ore from Irish mines exported in 1999; the amount of royalties paid to the State on the ore mined; and if he will make a statement on the matter. [16012/99]

Dr. Woods: Information on Michael J. Woods  Zoom on Michael J. Woods  According to CSO statistics, the quantity and value of exports from Irish mines in 1998, the last full year for which figures are available, were as follows:

Tonnes Value
£
Zinc ores and concentrates: 287,599 56,015,000
Lead ores and concentrates: 32,633 4,198,000
Gypsum and gypsum products: 59,576 7,708,314

A total of £1,012,101.24 was received in royalties and dead rents under the Minerals Development Acts in 1998. Dead rent is the minimum charge set for each rental period which must be paid where a royalties calculation would amount to less. This information is available to Deputies, together with other information relating to exploration and mining facilities, in a statutory report to the Oireachtas which is laid before the House twice yearly.

Mr. Bell: Information on Michael Bell  Zoom on Michael Bell  I asked this question previously under another heading. What increase in royalties does the Minister anticipate under the new arrangement made in conjunction with the development of the two new mines?

Dr. Woods: Information on Michael J. Woods  Zoom on Michael J. Woods  The figures given reflect that production at the Galmoy zinc and lead mine was halted for 14 weeks in 1998. The Lisheen mine is expected to commence production later this year [1133] and is expected to produce 300,000 tonnes of zinc concentrates and 40,000 tonnes of lead concentrates for export when it reaches full production.

Royalties for both Galmoy and Lisheen are based on a percentage of revenue after deduction of certain production and transport costs. Concessionary rates apply in the first few years in recognition of the high capital costs and heavy debt repayment obligations in the early years, but the industrial mineral projects, such as gypsum, attract a royalty based on tonnage which is considered more appropriate to those products.


Last Updated: 20/05/2011 17:28:43 First Page Previous Page Page of 120 Next Page Last Page