Montero Mining and Exploration Gets EIA Certificate for Wigu Hill, to Proceed with Application for Mining Licence

Montero Mining and Exploration Ltd. (TSXV:MON) announced that they received an EIA Certificate the their Wigu Hill project in Tanzania.

As quoted in the press release:

 This has been issued to fulfill Section 92(1) of the Environmental Management Act No. 20 of 2004 of Tanzania and is a requirement for the application of a Mining Licence for the development of the rare earths element mining project at Wigu Hill, in Tanzania.

Montero’s President and CEO, Tony Harwood, said:

The approval from the Minister of State, Vice President’s Office – Environment in Tanzania is a significant milestone that will allow the advancement of the Wigu Hill rare earth project to a mining stage following the grant of a Mining Licence. In addition, the due diligence process with a “Strategic Investor” announced in December 2012 is ongoing and progressing well. The “Strategic Investor” has proposed to provide equity funding at project level towards the development of Montero’s Wigu Hill Rare Earth Element mine and refinery.

To view the whole press release, click here.