Historic: Catamarca Province takes over the presidency of YMAD and the Capillitas Mines Complex

Historic: Catamarca Province takes over the presidency of YMAD and the Capillitas Mines Complex
Historic: Catamarca Province takes over the presidency of YMAD and the Capillitas Mines Complex
Share:

Governor Raúl Jalil signed on Friday 13th of December, with Minister of Economy Luis Caputo the province’s adhesion to the Extinction of Reciprocal Obligations Regime.

The adhesion to the regime included two key strategic actions for the future of the province and the mining sector: the transfer of the Capillitas Mines establishment to the provincial government and, from now on, the appointment of the president of YMAD will be the exclusive prerogative of the province.

The appointment of the YMAD president (Yacimientos Mineros Aguas de Dionisio) was previously under the authority of the national executive, but under this agreement, it becomes the exclusive responsibility of the provincial executive, which will be able to appoint the president by decree. The new YMAD board will consist of three representatives from Catamarca and two from the National University of Tucumán, with no intervention or participation from the national government.

Additionally, the transfer of the Capillitas Mines establishment was signed, including all its staff, functions, responsibilities, services, and both material and immaterial assets to the provincial mining company CAMYEN S.E., which will consolidate the provincial government's control over this crucial complex for mining development. Also, within the framework of the Extinction of Reciprocal Obligations Regime, it was agreed that over 500 properties owned by the National State will be transferred to the Province.

It is important to mention that the Extinction of Reciprocal Obligations Regime between the National State and the Provinces was created with the aim of completely or partially extinguishing the reciprocal obligations between the parties to facilitate the public account normalization process.

Published by: Panorama Minero

Category: News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: Altar Project: Aldebaran Provides Update

Altar Project: Aldebaran Provides Update

Field activities are progressing well at the copper-gold project located in San Juan province, including drilling results, PEA and Earn-In Agreement with Sibanye Stillwater.

National and International Authorities Visited the Copper Project

National and International Authorities Visited the Copper Project

Los Azules, the copper project located in Calingasta department, San Juan province, received a visit from national and international authorities during a key event aimed at further strengthening both the project's positioning and that of Argentine mining on the global stage.

Calcatreu Project: Patagonia Gold Announces US$40 Million Investment

Calcatreu Project: Patagonia Gold Announces US$40 Million Investment

Patagonia Gold Corp. announced that it has entered into an investment agreement with Black River Mine Inc. through its wholly-owned subsidiary, Patagonia Gold Canada Inc., pursuant to which the Investor has agreed to invest up to US$40 million to support the development of the Calcatreu Project, located in in Rio Negro province.

A Critical Industry in a Changing World: Key Takeaways from the World Copper Conference 2025 in Santiago

A Critical Industry in a Changing World: Key Takeaways from the World Copper Conference 2025 in Santiago

Amid a global landscape defined by economic uncertainty, trade tensions, and a growing demand for critical minerals, the **_World Copper Conference 2025_** once again delivered a key snapshot of the state of the copper industry worldwide. Organized by **CRU**, the summit gathered over 300 executives, analysts, CEOs, and government officials over three days at the W Hotel in Santiago—an edition shaped by fast-moving geopolitical developments.

Warning issued over crypto investments backed by minerals: red flags behind lithium and gold promises

Warning issued over crypto investments backed by minerals: red flags behind lithium and gold promises

The promise of high returns and the appeal of strategic resources such as lithium and gold have sparked a new wave of investment proposals in cryptoassets allegedly backed by minerals. However, a recent joint statement by the Argentine Chamber of Mining Companies (CAEM) and the San Juan Mining Chamber (CMSJ) has raised serious concerns: many of these ventures may lack both technical and legal backing.

Uranium: 30th Edition of the “Red Book” has been released  now available or released?

Uranium: 30th Edition of the “Red Book” has been released now available or released?

The Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA) have just published the 30th edition of the “Red Book”, the highly regarded publication known worldwide as the reference in data related to Uranium Resources, Production/Supply and Demand. This report provides analyses and insights from 62 uranium-producing and consuming countries – some participating for the first time.

Lindero Mine: Leach pad expansion completed

Lindero Mine: Leach pad expansion completed

Fortuna Mining announced that, during the first quarter of 2025, 1.46 million tonnes of ore were mined, with a stripping ratio of 1.8:1 in line with the plan for the year. A total of 1.75 million tonnes of ore were placed on the leach pad averaging 0.55 g/t Au, containing an estimated 30,943 ounces of gold. Tonnes of ore placed on the leach pad was similar to the previous quarter.