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Montero Provides Update on CAD$ 90 million ICSID Arbitration Claim against the Government of Tanzania

Montero Mining and Exploration Ltd. (“Montero” or the “Company”) provides an update on Montero’s arbitration proceedings against the United Republic of Tanzania (“Tanzania”) over the expropriation of the Wigu Hill rare earth element project (“Wigu Hill”) before the International Centre for Settlement of Investment Disputes (“ICSID”). ....

United States , United Republic Of Tanzania , Timothy Foden , Megan Craig , Tony Harwood , Wigu Hill , Neal Rigby , Martin Tavaut , Boies Schiller Flexner United Kingdom , Exploration Ltd , International Centre For Settlement Of Investment Disputes , Consulting United States Inc , United Republic , International Centre , Investment Disputes , Indiana Resources , Winshear Gold , Boies Schiller Flexner , United Kingdom , Omni Bridgeway , Bilateral Investment Treaty ,