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    cobalt investing

    Baja Mining’s Boleo Project Gets a $115 Million Boost

    Investing News Network
    Jan. 25, 2013 07:59AM PST
    Battery Metals

    Mining Weekly reported that Baja Mining has received another cash injection, this time for $115 million, from Korea Resources Corporation (Kores) to support construction of its Boleo project in Mexico.

    Mining Weekly reported that Baja Mining has received another cash injection, this time for $115 million, from Korea Resources Corporation (Kores) to support construction of its Boleo project in Mexico.

    As quoted in the market report:

    The advance was made through Baja’s 49%-owned subsidiary Minera y Metalúrgica del Boleo (MMB) and was paired with an extension to the third standstill agreement, which expired on January 15.

    To view the whole Mining Weekly report, click here.

    cobalt investingbaja mining
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