El Boleo

El Boleo is a copper-cobalt-zinc-manganese deposit located adjacent to the port city of Santa Rosalía, Baja California Sur in Mexico. It includes a historic open pit copper mine, as well as underground workings. Mining began in the 1860s, and continued, off and on, until the 1980s. The property is currently under development by a consortium of Korean companies led by Korea Resources Corporation. Preliminary underground mining began in 2012. The project cost $1.75 billion, and mining began in the first half of 2014. Copper production began on January 17, 2015. The mine has an estimated life of 22 years.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.