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Developers face EUR450m repair bill; PYRITE.

Byline: ED CARTY

COMPANIES who built pyrite-damaged homes have until September to find a solution to the EUR450million crisis or face huge fines.

Environment Minister Phil Hogan has threatened to hit firms involved in construction and development of the 10,300 properties with full repair bills.

He said: "Responsible stakeholders [should] take ownership of this problem and work with me to find a resolution for homeowners."

Pyrite is a mineral which becomes unstable when exposed to air or water.

The most obvious structural damage in affected buildings is cracking, splitting and buckling of walls, floors and ceilings.

It is expected to cost EUR45,000 to fix each home.
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Publication:The Mirror (London, England)
Date:Jul 19, 2012
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