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Dáil Éireann debate -
Tuesday, 29 Apr 1986

Vol. 365 No. 10

Written Answers. - Tara Mines.

14.

asked the Minister for Energy when it is expected that the takeover of Tara Mines by the Finnish Company, Outokumpu, will be completed; if he will confirm that the Bula ore body is not part of the takeover package; and if he will make a statement on the matter.

I understand that earlier this month Outokumpu Oy acquired Tara Exploration and Development Company Limited. The takeover transaction appears to have been completed.

I have no knowledge of Outokumpu's intentions in relation to Bula Limited. In considering any proposals relating to that property they would, of course, have to bear in mind in particular the rights and duties of the receiver.

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