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    cobalt investing

    Baja Cuts Jobs on Lack of Funding for Boleo

    Investing News Network
    May. 30, 2012 08:06AM PST
    Battery Metals

    Reuters reported that Baja Mining (TSX:BAJ) slashed jobs at its headquarters following news it had trouble getting financing for the Boleo copper-cobalt-zinc project.

    Reuters reported that Baja Mining (TSX:BAJ) slashed jobs at its headquarters following news it had trouble getting financing for the Boleo copper-cobalt-zinc project.

    As quoted in the market news:

    Spending at the Boleo project, which is 70 percent owned by Baja and rest by a Korean Consortium, is expected to be $246 million more than the $1.14 billion estimated in 2010.

    Click here to read the full Reuters report.

    tsx:bajbaja miningcobalt investing
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