Perspectives on mineral policy in Ireland

Mining firms have a greater incentive to invest in a country with effective and efficient mineral policies, given favourable geological and commodity price conditions. This paper examines and appraises mineral policy in Ireland. The legislative, regulatory and fiscal frameworks for mining are examined. Inherent administrative issues surrounding these policies are also discussed. Despite the positive reviews of Irish mineral policy in the Fraser Institute Annual Survey of Mining Companies 2004/2005, this paper concludes that a number of policy improvements are needed to maximise the industry's potential. The paper suggests that a National Mineral Policy document be produced to provide greater clarity to potential investors through a transparent legislative framework and a balanced fiscal framework.