Phil Hogan T.D, Minister for the Environment, Community and Local Government has warned builders and insurers that they will have 10 days to pay for the repair of up to 11,000 homes damaged by pyrite or major levies will be imposed on the construction, quarry and insurance companies responsible for pyrite-damaged homes.
“I will not delay in finalising robust proposals,” he said. “It is the homeowners who have suffered far too long from this problem.”
The mineral pyrite, or iron pyrite, is an iron sulfide. This mineral’s metallic luster and pale brass-yellow hue have earned it the nickname fool’s gold because of its superficial resemblance to gold. It has caused multiple concerns having been used in the walls, ceilings and floors.
It is estimated that €45,000 will need to be spent to fix each of the homes damaged by pyrite.
Mr Hogan described as “disappointing” the response he received from the industry having given a deadline of a month to open dialogue with those involved.
Mr Hogan’s ultimatum to builders and insurers came as around 80 homeowners with pyrite-damaged properties protested outside the Dail and then entered the Dail visitors’ gallery to listen to the debate.