Montero Mining and Exploration Ltd

Montero Mining & Exploration Ltd. operates as a mineral exploration and development company, which engages in the identification, acquisition, evaluation, and exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2011-02-15. The firm's Avispa Copper-Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and 220 kilometers north-east of Antofagasta, Chile's largest commercial deep-water port. The project is connected by asphalt road to the ports of Tocopilla and Antofagasta. The firm has approximately 459 square kilometers of exploration mining concessions in an almost contiguous area south of the main highway between Calama and Tocopilla. The company is involved in an international arbitration dispute for compensation for the expropriation of a Wigu Hill rare earth element project in Tanzania and against the government of Tanzania.