Baja Provides Updated Costs for Boleo

Mining Weekly reported that Baja Mining (TSX:BAJ) reported an updated estimate of costs for the Boleo copper-cobalt-zinc project.

As quoted in the market news:

Management revealed that the expected $400-million cost overrun for its Boleo project is comprised of $246-million in additional costs, $100-million in additional cost covered by a cost-overrun facility and $53.5-million of additional contingency.

Click here to read the full Mining Weekly report.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with Formation Metals to get their latest news instantly.

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