Baja Mining Project Gets Asian Boost

Baja Mining Project Gets Asian Boost

Mexico Asia M&A

Baja Mining’s Boleo project in Mexico has secured $90m interim financing, it says, from a consortium made up of Korea Resources Corporation, LS-Nikko Copper, Hyundai Hysco, SK Networks and Iljin Materials. The consortium, which took a 30% interest in Boleo in July 2008, raises its stake by 21% when it provides $45m of the $90m. The consortium then has until about August 30 to fund the entire $90m, failing which, its interest would drop back to 30%. If it does commit the $90m, it would have the a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial