Canada’s Baja Mining Boleo copper project in Mexico to begin production in 2013

Korea Resources Corporation as says that its Boleo copper project in Mexico with Canada’s Baja Mining Corporation will begin production in 2013, supplying South Korea with about 30% of the mine’s output. The mine on Mexico’s Baja California Peninsula is expected to produce 38,000 tonnes of copper annually for 23 years starting in the H2 of 2013, according to the the Seoul based company which owns 30% of the project along with other Korean partners. Baja Mining holds the remaining 70% of the mine.

Steel Guru reports:

According to figures by London based metals research company CRU, South Korea is Asia’s third biggest user of refined copper after China and Japan. Last year, Korea consumed about 940,000 tonnes of the metal used in wires, pipes and cables.

Image of the Boleo camp and plant courtesy of Baja Mining.