El Boleo

El Boleo is a copper-cobalt-zinc-manganese deposit located in the northern portion of 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.

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