Baja Mining Corp. (TSX:BAJ,OTCQX:BAJFF) announced an update to the costs of the Boleo copper-cobalt-zine project.
Baja Mining Corp. (TSX:BAJ,OTCQX:BAJFF) announced an update to the costs of the Boleo copper-cobalt-zine project.
As quoted in the press release:
Baja has identified a projected cost increase of approximately $246 million after exhausting existing contingency and cost overrun facilities. Financing for the Boleo project was based on a 2010 projected go-forward funding requirement of US$1.143 billion. The projected $246 million cost increase represents a 21.5% increase over the 2010 funding requirement.
Click here for the Baja Mining Corp. (TSX:BAJ) press release.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1936.12 | -0.74 | |
| Silver | 23.59 | -0.04 | |
| Copper | 4.26 | +0.01 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 80.16 | +0.03 | |
| Heating Oil | 3.37 | +0.04 | |
| Natural Gas | 3.22 | -0.03 | |
