December 12, 2012 — “Tanzania is a democratic country…we have seen a lot of mining investments from some of the North American majors…it has seen tremendous growth.” starts Dr. Tony Harwood, CEO, President and Director for Montero Mining and Exploration Ltd. (TSX.V: MON). In this ProEdgeWire (www.ProEdgeWire.com) interview, Publisher Tracy Weslosky tries to secure the name of the strategic investor from their November 16, 2012 news release titled: “Montero and Strategic Investor Sign an Indicative Non-Binding Term Sheet for an Equity Investment to Develop Its Rare Earth Project”.
In their conversation on the evolving rare earth industry, Dr. Harwood accurately states that: “The rare earth business is not for the faint hearted, you really have to either produce rare earths and saleable products do something else…”
For those unfamiliar with Montero Mining (www.MonteroMining.com), this is a mineral exploration and Development Company engaged in its flagship Rare Earth Elements (REE) Project Wigu Hill in Tanzania and has phosphate assets in South Africa and uranium assets in Tanzania and Quebec, Canada.
Disclaimer: Montero Mining and Exploration Ltd. is a member of ProEdgeWire.