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