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Historically, mines were operated privately, but in 1824 an Act of Parliament established the Mining Company of Ireland. [1] In the 21st century, mining companies operating in Ireland include: Boliden AB - Boliden operates the Tara zinc-lead-silver mine in County Meath, the largest zinc mine in Europe.
Peat has been Ireland's staple fuel for centuries and as of 2005 it provided about 9% of the country's energy needs. [13] Peatlands cover approximately 17% of the area of Ireland, [14] and Bord na Móna (the "Peat Board") is a semi-state company charged with the mechanised harvesting of peat – extracting more than 4 million tonnes in 2014. [15]
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Kenmare Resources plc is a publicly traded mining company headquartered in Dublin, Republic of Ireland. Its primary listing is on the London Stock Exchange and it has a secondary listing on Euronext Dublin (LSE and ISE ticker: KMR).
The majority of transactions involve the major banks and they in turn tend to enter into contracts with institutions outside Ireland, particularly in the EU. The Irish Stock Exchange also has the facility for exchange traded derivatives. Ireland's proximity to London, shared language and time zone is a benefit to its financial services industry.
Service providers abound for the cross-border funds business and Ireland has been recently rated with a DAW Index score of 4 in 2012. Similarly, the insurance industry in Ireland is a leader in both retail markets and corporate customers in the EU, in large part due to the International Financial Services Centre. [223]