Resource stocks are showing signs of rising from the dead....what about us?
Could the perfect storm be developing? Commodity prices are rising. Interest in resource stocks is rising, yet very slowly. Maybe legal decisions are rising in our favour? Who knows, nobody tells us anything.
At least Argentina government mining division is slowly getting their act together:
Anyway, we did get some mining related news of value from Argentina as it took seven weeks
to replace Flavia Royn, but we finally have a new Secretary (i.e. Minister in all but name) of
Mining (20). His name is Luis Lucero, he’s been hand-picked by Milei’s FinMin and RHM Luis
Caputo, he’s a lawyer with a long track record of working in the resource sector, he has
qualifications from Harvard Law School, Colombia Business School and Cambridge UK among
other gongs, he’s the type of technocrat with zero political experience and a lot of technical
experience in his sector that Milei wants for his new broom policies. The good news for the rest
of us is that Sr. Lucero is unlikely to be taking this job for the image or to promote his own
brand. His first appointment in his new role comes this week, when he meets with the directors
of Argentina’s Chamber of Mining (CAEM). Expect smiles, photo ops and agreement on all
agenda points.