Exploration and Development Focus
Montero Mining & Exploration is focused primarily on the exploration, discovery, and development of mineral resources in South America and Africa to create value for our shareholders and benefit all stakeholders. Montero has been successful by identifying and discovering lithium deposits in Namibia and Chile, rare earth element deposit in Tanzania and phosphate deposits in South Africa. Poor commodity prices and political environments has caused such projects to be marginal or stalled.
Montero’s primary exploration focus is now gold exploration. The company is actively seeking gold projects and has applied for an exploration license over an attractive copper prospect in the northern Atacama.
The board and management of Montero has exploration and development experience in Africa and South America. Montero has added to this by building on the expertise of local geologists and QP’s with experience in Chile.
Montero aims to build a portfolio of value-add mineral projects through application, exploration and acquisition and potentially bring such projects to production through joint venture or outright sale.
Montero operates in an environmentally and socially responsible manner while adding value to all our stakeholders and shareholders. We are respectful of local communities in which we operate.
Why South America and Chile?
Chile is a Tier 1 global mining investment destination and is recognized as the mining capital of Latin America, and can be credited with initiating the investment surge to make Latin America the world’s primary mineral target. The mining sector in Chile is one of the pillars of Chilean economy and copper exports alone stands for more than one third of government income. Major mining products include copper, gold, and lithium. Apart from Codelco and listed Chilean mining company Antofagasta Minerals, all the major international mining houses are active in Chile (BHP Billiton, Anglo American, Freeport, Rio Tinto, Barrick Gold, Newmont, etc. as well as numerous listed and private mid-tier and junior companies. The country has a long history of mining and is a free and open democracy with a stable Government open to mining investment. Chile has good road, rail and power infrastructure, the necessary skills base and attractive fiscal regime for mining investment.