Ireland’s Mining Fiscal Regime: H1 2014

Synopsis
Timetric’s Ireland fiscal regime report outlines governing bodies, governing laws, mining licenses and key fiscal terms covering three commodities: lead, zinc and silver.

Summary
The country’s mining industry is governed by the Department of Communication, Energy and Natural Resources and Environmental Protection Agency. The Exploration and Mining Division (EMD) under the Department of Communications, Energy and Natural Resources is the regulatory authority of mineral exploration and development.

Scope
The report outlines Ireland’s governing bodies, governing laws, mining licenses and key fiscal terms which includes Fees, Royalty Rates, Corporate Tax, Capital Gains Tax, Loss Carry Forward, Withholding Tax, Stamp Duty, Depreciation Tax and Value Added Tax, VAT.

Reasons To Buy
Gain an overview of Ireland's mining fiscal regime.

Key Highlights
‧ Department of Communications, Energy and Natural Resources is responsible for regulating, protecting and developing natural resources in Ireland.
‧ The Exploration and Mining Division (EMD) under the Department of Communications, Energy and Natural Resources, is the regulatory authority of mineral exploration and development.
‧ Geological Survey of Ireland (GSI), established in 1845, operates under the Department of Communication, Energy and Natural Resources.
‧ The Environment Protection Agency (EPA) is responsible for activities related to licensing, enforcement, monitoring and assessment of environmental safety.

Table of Contents
1 Executive Summary 1
2 The Irish Mining Industry – Governing Bodies 6
2.1 Department of Communications, Energy and Natural Resources 6
2.1.1 The Exploration and Mining Division 6
2.1.2 Geological Survey of Ireland 6
2.2 Environment Protection Agency 6
3 The Irish Mining Industry – Governing Laws 7
3.1 Mineral Development Acts, 1940-1999 7
3.2 Mines and Quarries Act, 1965 7
4 The Irish Mining Industry – Mining Licenses 8
4.1 Prospecting License 8
4.1.1 Terms 8
4.1.2 Area 8
4.2 Integrated Pollution Prevention Control (IPPC) Licensing 8
5 The Irish Mining Industry – Key Fiscal Terms 9
5.1 Fees 9
5.2 Royalty Rates 9
5.3 Corporate Tax 9
5.4 Capital Gains Tax 9
5.5 Loss Carry Forward 9
5.6 Withholding Tax 9
5.7 Stamp Duty 10
5.8 Depreciation Tax 10
5.9 Value Added Tax (VAT) 10
6 Appendix 11
6.1 What is this Report About? 11
6.2 Methodology 11
6.3 Secondary Research 11
6.4 Primary Research 12
6.5 Contact Timetric 12
6.6 About Timetric 12
6.7 Timetric’s Services 13
6.8 Disclaimer 14


List of Tables
Table 1: The Mining Industry in Ireland – Fiscal Regime Terms and Other Taxes 1
Table 2: The Mining Industry in Ireland – Prospecting License Holding Charges (EUR), 2014 9
Table 3: The Mining Industry in Ireland – Depreciation Tax Rates (%), 2014 10


List of Figures
Figure 1: The Mining Industry in Ireland – Commodity Mines at Different Stages 2