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Mining boss hopeful

CHAIRMAN John Teeling believes Irish exploration company Connemara Mining is 'well placed' to capitalise on the BRIC countries and that China is the only country capable of powering growth.

He remained optimistic about the sector's future. "Cars, housing, white goods, phones, computers -- each of these products requires base metals," he said.

"It is for this reason that projections of annual zinc and lead growth rates have grown from 2pc to 4pc."