Argentina: No Mining Secretary yet, but...
... we may be about to get an announcement and if the rumour is confirmed, it would be good
news for the sector.
Four weeks have passed since IKN769 and the note “Argentina: A political ambush and a
Mining Secretary sacked” when President Javier Milei took revenge on his Congressional
opposition’s move to block his big “Omnibus Law” package by sacking a few people from his
cabinet, including Mining Secretary Flavia Royn (due to her affiliation with Salta Governor
Gustavo Senz, one of the people figures the political ambush). We still don’t have a
replacement named but in the last few days, a strong rumour (24) has done the rounds about
Alberto Carlocchia being named as her replacement as soon as PDAC is done. If confirmed,
Carlocchia would be a popular choice as ex-head of Argentina’s main Chamber of Mining, the
CAEM, as well as a long track record in the country’s mining sector. He also surprisingly
resigned from his current post as head of IR and corporate secretary of the tinycap junior
Patagonia Gold, so that fits as well. He’s been a strong advocate for the industry in Argentina
for many years, understands the issues facing companies in the country and has often spoken
against government policy, so if he were given a role inside an admin that’s trying to
revolutionize the country he’d have the means to do something proactive. However, his
candidacy is not yet a done deal and also in the running for the job of Mining Secretary is Pablo
Rutigliano, the current President of the Latin America Lithium Chamber of Commercee.