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78. (1) The Minister may, with the prior approval of the Minister for Public Expenditure and Reform, reduce, waive or defer either or both the mining licence fees or royalties for a specific period or for the entire term of a mining licence if the Minister is of the opinion that special circumstances exist and it is necessary to do so to attract investment in the State or to ensure the working of the minerals.
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(2) The Minister may, with the prior approval of the Minister for Public Expenditure and Reform, agree with the licensee that mining licence fees and projected royalties for the entire term of the licence may be paid in advance in one or more instalments if the Minister is of the opinion that special circumstances exist.
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