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.
|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 FCO to get their latest news instantly.|