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.
