Ireland has been awarded 11th place in a Survey of Mining Companies for 2014.

Published by the Fraser Institute of Canada, Ireland ranked first globally in the Policy Perception Index which ranks the attractiveness of Government mining policies to industry.

A regions policy climate is an important consideration for making decisions on where to invest. Ireland scored 96.0 out a possible 100 ahead of Finland (94.7), Alberta (94.7), New Brunswick (89.8),Saskatchewan (89.7), Newfoundland & Labrador(88.4), Wyoming (87.9), Manitoba (85.6) and Western Australia (84.9).

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Minister of State with responsibility for Natural Resources, Joe McHugh TD, said: "I am pleased to see that Ireland has achieved first position in the Policy Perception Index which measures Industry's confidence in Government mining policies. This placing compares well to Ireland’s previous performance of 4th out of 112 jurisdictions in 2013; 6th out of 96 in 2012, 9th out of 93 in 2011 and continues a trend of Ireland being in the Top 10 for good mining policy which attracts investment."

Minister McHugh was particularly pleased with Ireland achieving three further global rankings of first for Political Stability, lowest level of Regulatory duplication and inconsistencies and a good Taxation Regime that go to make up the overall ranking in the Investment Attractiveness Index.

(CD/IT)