162 Clontarf Road in Dublin can rightly be considered as the cradle of Irish mining exploration. It was built in the late 1960s to house the headquarters of Tynaghn, Tara and Gortdrum - three large zinc discoveries, all part of the Pat Hughes group of companies. The principlals have operated out of 162 since the late 1960s. They have established over 15 listed exploration companies in zinc, gold, diamonds and oil. They currently operate 5.
Among the startups were:
• Minquest – Acquired by Arcon
• Minco/Irish Marine Oil
• African Diamonds – Acquired by Lucara
• African Gold/Mwana
• Persian Gold/Clontarf
• Pan Andean – Acquired by Petrominerales
• Petrel Resources
• West African Diamonds – Acquired by Stellar
Tara Mines originally opened in the 1970’s is now one of the world’s largest zinc mines. The Connemara Mining principals were also initial investors in Kenmare Resources, accounting for 7% of world ilmenite supply. The principals have continued to invest in Ireland where it holds a number of world class prospective sites through AIM listed company Connemara Mining, established in 2004. Two of the blocks are being developed in partnership with Teck and one block is being developed in partnership with Hendricks Resources.
THIS PAGE WAS LAST UPDATED ON 03 JANUARY 2017