asked the Minister for Energy if he is aware and concerned at the present low level of activity in the on-shore mining exploration area; and if he accepts the urgency for a new policy in this area which would provide attractive incentives for Irish investment and remove the uncertainties regarding mining leases.
Written Answers. - On-Shore Mining Exploration.
15.
I am aware that there has been a fall off in the level of on-shore minerals exploration. Historically the main thrust of the minerals industry in Ireland has been in the search for base metals. This industry must operate within the context of the international metals market where an excess of supply over demand, except for brief periods of upturn, has resulted in low metal prices. This situation has in turn had a depressing effect on investment in exploration.
There is no firm evidence that present policy in relation to minerals exploitation and in particular my Department's flexible approach in relation to the settlement of mining lease terms has deterred investment in minerals exploration here.
Indeed, the present policy which contains assurances that companies investing in minerals exploration here would be treated fairly when mining lease terms are being settled has been sufficient over the years to attract heavy investment from major international companies. We continue not only to attract new investment from abroad but also investment from indigenous sources. Nonetheless, I can assure the Deputy that I am keeping the situation under continuing review and in this connection I will be glad to consider any reasonable proposals from the mining industry arising out of studies in which they are currently engaged.