BajaNomad

2 billion dollars for a Baja property

4x4abc - 8-29-2022 at 05:15 PM

28,649 hectares at $7 (US) per m2
70,793 acres
https://www.facebook.com/commerce/listing/467570978563307/?m...
one of the most rugged areas in Baja

land.jpeg - 110kB

[Edited on 8-30-2022 by 4x4abc]

JZ - 8-29-2022 at 05:58 PM

For anyone who doesn't want to go on FB.






AKgringo - 8-29-2022 at 06:51 PM

Isn't that property an Ejido land grant?

TMW - 8-29-2022 at 07:51 PM

Who made that map doesn't know the spelling of Timbabichi or Timbabiche. The family with the Hacienda spelled it with an e.

RFClark - 8-29-2022 at 08:16 PM

Harold,

Any idea what’s there that makes it worth that kind of money? Copper, Lithium, anyhing?

JZ - 8-29-2022 at 09:32 PM

Quote: Originally posted by TMW  
Who made that map doesn't know the spelling of Timbabichi or Timbabiche. The family with the Hacienda spelled it with an e.


Lol, yeah, you'd think if they were asking $2B they might be able to get the spelling right, no?




[Edited on 8-30-2022 by JZ]

mtgoat666 - 8-29-2022 at 09:39 PM

Quote: Originally posted by 4x4abc  
28,649 hectares at $7 (US) per m2
70,793 acres
https://www.facebook.com/commerce/listing/467570978563307/?m...
one of the most rugged areas in Baja


You link does not work, can you post text? Is this another Christine Walton purchase? Rich people buying land like they are collecting coins… “this one looks pretty, I must have it!”

[Edited on 8-30-2022 by mtgoat666]

Cliffy - 8-29-2022 at 10:14 PM

The question remains- Why?

4x4abc - 8-29-2022 at 11:28 PM

Quote: Originally posted by RFClark  
Harold,

Any idea what’s there that makes it worth that kind of money? Copper, Lithium, anyhing?


what the ad says:
"28649.20 Hectareas for sale with phosphorite mining vocation, in Baja Californoa Sur. 7 USD x M2."

Phosphate mining is big in Baja
I have recorded the prospecting trails in that area years ago

I guess Rofomex owns the land - they are behind the mine in San Juan de la Costa
after recent Uranium discoveries the government took it over

bajaric - 8-30-2022 at 09:27 AM

When the ejidos were created in the 1930's a lot of Baja was "Terrenos Baldidos" or "depopulated lands". Many of these areas were barren, roadless deserts, without even enough water to for a cow, much less a farm. Thus some very large parcels ended up in the hands of a few people simply because no one wanted the land.

Today, some of the largest privately owned land parcels in north America are in Baja. That particular deal is a little expensive. A Canadian outfit just bought a similarly size parcel of million acres of ejido land (south of Punta Final all the way to the Sierra Assembla) for the bargain price of one billion dollars.

edit: Why? Why not? Who doesn't want to own a million acres of land? At some point it could be developed and subdivided or sold as conservation land. There is also the possibility of mining income. In Mexico although the mineral rights do not go with the land, the property owner is customarily offered compensation by the mining company to conduct mining activities on their land. Sometimes mining outfits buy the land so they do not have to deal with compensating the property owner.

[Edited on 8-30-2022 by bajaric]

Cliffy - 8-30-2022 at 11:14 AM

If there is mining resources then OK its maybe a good idea
Without viable water even some mining may be compromised.
The logistics of just using the land seem daunting right now

bajaric - 8-31-2022 at 08:06 AM

Lencho, I have seen that term in various histories of Mexico, not sure of the correct spelling.

A few thousands of the Cucapah and Kiliwa survived the missionary period, living in the Sierra Juarez and the Colorado River Delta but after the decline of the missions in the mid 1800's the rest of northern Baja was pretty much one big empty desert. Hence the term "depopulated lands".


BajaBruno - 8-31-2022 at 08:44 AM

As of 2011, Mexico was well on the way to phosphate self-sufficiency, mainly from mining Baja. (see: https://www.dredge.com/2011/10/rofomex-moves-mexico-toward-p... ),

Mexican imports of phosphates were fairly low until 2022 when they skyrocketed. I have no idea why. See: https://tradingeconomics.com/mexico/imports-of-phosphinates-...

BajaRat - 8-31-2022 at 09:10 AM

Quote: Originally posted by Cliffy  
If there is mining resources then OK its maybe a good idea
Without viable water even some mining may be compromised.
The logistics of just using the land seem daunting right now


In this day and age that’s not a lot of money for some people
Am I seeing correctly , no coastline involved in the deal ?
Lionel :cool:

David K - 8-31-2022 at 09:15 AM

Quote: Originally posted by BajaRat  
Quote: Originally posted by Cliffy  
If there is mining resources then OK its maybe a good idea
Without viable water even some mining may be compromised.
The logistics of just using the land seem daunting right now


In this day and age that’s not a lot of money for some people
Am I seeing correctly , no coastline involved in the deal ?
Lionel :cool:


I would guess they would need a pier to load the ore onto ships, like we see at Santa Rosalia?

monoloco - 8-31-2022 at 09:56 AM

Quote: Originally posted by Cliffy  
If there is mining resources then OK its maybe a good idea
Without viable water even some mining may be compromised.
The logistics of just using the land seem daunting right now
They use seawater in the phosphate mining operation at San Juan de La Costa.


[Edited on 8-31-2022 by monoloco]

4x4abc - 8-31-2022 at 01:00 PM

Quote: Originally posted by monoloco  
Quote: Originally posted by Cliffy  
If there is mining resources then OK its maybe a good idea
Without viable water even some mining may be compromised.
The logistics of just using the land seem daunting right now
They use seawater in the phosphate mining operation at San Juan de La Costa.


[Edited on 8-31-2022 by monoloco]


they use seawater to get rid of the toxic sludge
for processing they use spring water
they have an extensive network of springs
and huge storage basins

lake.jpg - 307kB

salttram - 8-31-2022 at 01:35 PM

One of my favorite regions of Baja. I hope it gets preserved somehow.