Republic of Chile

  Chile is a Tier 1 global mining investment destination and is recognized as the mining capital of Latin America. Chile produces 33% of the global copper production (1st position), 7% of the global gold production (13th position), 33% of global lithium production (2nd position), is the world’s second largest producer of molybdenum, and is the… Read more

Molybdenum Market

  Supply and Demand Molybdenum is produced as a by-product of porphyry copper mining. China is the world’s biggest consumer and producer of the metal, contributing to 38% of the global supply in 2021. Not generally mined on its own, and often overlooked, molybdenum is the latest industrial commodity to catch the attention of investors… Read more

Copper Market

  Supply and Demand A deficit in copper supply is set to define global markets in 2023. This will be fuelled by increased challenges in South American supply streams and higher demand pressures from China.   Copper is a leading pulse check for economic health, and the metal’s squeeze could be an indicator that global… Read more

Avispa Copper–Molybdenum Project

  Overview The Avispa Copper–Molybdenum Project (Avispa Project) is located in the Atacama region of northern Chile, west of the town of Calama and 220 km 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.   Montero has been awarded 459 km2 of… Read more

Wigu Hill Expropriation by the Government of Tanzania

  Montero Claim CAD 90 million in Damages at ICSID Tribunal Background Montero commenced exploration activities on the Wigu Hill Rare Earth Element project in March 2008 under a Prospecting License and spent over CAD$ 17 million on exploration works in the discovery and development of the project. In 2015 a five-year Retention License was… Read more

Exploration Focus

  Montero Mining & Exploration Ltd. is focused primarily on the exploration, discovery, and development of mineral projects in Chile to create value for our shareholders and benefit all our stakeholders.   The Company has 100% interest in 459 km2 Avispa copper–molybdenum project in the Atacama Desert of northern Chile.   Montero has geologists and… Read more