Consulting has informed beleaguered Baja Mining Corp. that it
cannot provide a draft of the updated technical report on the
companys Boleo copper project in Baja California Sur,
Mexico, as previously expected.
the mining department of Minera y Metalurgica del Boleo SA de
CV (MMB), which runs Boleo, its geotechnical and mining
consultants, and MMBs senior lenders on key aspects of
the mine plan have caused the delay.
The parties are still
evaluating methods to optimize underground mining and determine
the production levels from underground compared with open pit,
which could affect mining costs and project economics.
Baja has told SRK to suspend further work on the technical
report until those matters have been resolved.
A version of this article was first
published in AMM sister publication Metal