TMW
Select Nomad
Posts: 10659
Registered: 9-1-2003
Location: Bakersfield, CA
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Problems Facing the Boleo Mine
http://www.mining.com/troubled-bajas-mine-sees-another-day-f...
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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
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Mood: lleno
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What a shock NOT. Poor John Greenslade. Today he's probably sitting on his yacht in the Caribbean moping. I wonder how many multi millions of
dollars he walked away with. Meanwhile it's back to rice and beans and a dirty somberero for Jose.
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BajaRat
Super Nomad
Posts: 1304
Registered: 3-2-2010
Location: SW Four Corners / Bahia Asuncion BCS
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Mood: Ready for some salt water with my Tecate
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I think BCS will benefit from the injection of material and equipment already invested 
Thanks TW, interesting
[Edited on 12-24-2013 by BajaRat]
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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There was a pretty quick burn rate on that two billion dollars.
"The future ain't what it used to be"
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BajaRat
Super Nomad
Posts: 1304
Registered: 3-2-2010
Location: SW Four Corners / Bahia Asuncion BCS
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Mood: Ready for some salt water with my Tecate
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I'm sure many fortunes amassed 
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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This project was a major boon to the local economy. It brought hundreds of workers into town.
Seems to me that the articles listed deal with financials of what was probably not a well run company. But, at the end of the day, copper is a greatly
needed commodity, and the the hills around El Boleo have copper. Someone will eventually profit from that.
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mtgoat666
Platinum Nomad
Posts: 20150
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Mood: Hot n spicy
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| Quote: | Originally posted by Bajahowodd
This project was a major boon to the local economy. It brought hundreds of workers into town.
Seems to me that the articles listed deal with financials of what was probably not a well run company. But, at the end of the day, copper is a greatly
needed commodity, and the the hills around El Boleo have copper. Someone will eventually profit from that. |
Did they provide financial assurance for closure? Did Mexico give them a mine permit without pre-permit condition of posting financial assurance for
closure and land reclamation? Or will mine owners/operators just up and walk away from square miles of bare ground, toxic pits, toxic or acid mine
drainage, unsafe physical hazards of open pits, shafts and adits, and scattered drums of toxic chemicals?
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chuckie
Elite Nomad
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Registered: 2-20-2012
Location: Kansas Prairies
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Dont worry, Goat, the Gummint will fix it....
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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It seems pretty clear that goat has never seen the Boleo mine, or maybe has never been to Santa Rosalia. Driving by the other day, it seems as if they
are making amazing progress, even with the financial difficulties they face. Unless I missed something in the article, they arent closing..
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baja Steve
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Posts: 471
Registered: 8-31-2003
Location: Bend, or
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I have been in Santa Rosalia quite a few times the last couple of months and the workers and towns people have only said that it is going well and
lots of work going on. Nothing bad
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bajario
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Posts: 260
Registered: 1-7-2008
Location: Cardiff
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I believe the Korean Consortium has taken over most of the mine since Baja Mining failed. Why many insiders might of amassed fortunes I for one went
down with their ship. I thought once they secured over a billion dollars in construction loans they knew what they were doing. Boy was I wrong. Oh
well off to work I go.
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