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Dáil Éireann díospóireacht -
Thursday, 23 Jun 1966

Vol. 223 No. 8

Ceisteanna—Questions. Oral Answers. - Royalty Payments by Tynagh Mines.

39.

asked the Minister for Industry and Commerce the total amount of royalties paid by Tynagh Mines, County Galway since production started to the latest date for which figures are available.

The royalties payable in respect of the State Mining leasehold at Tynagh are based on annual profits. The first payment has not yet fallen due.

When is the first payment likely to fall due?

It is based on profits. You cannot forecast when figures will be made available—when any venture of that kind will make a profit.

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