Baja Mining Gets ICA Fluor For Boleo

Vancouver-based Baja Mining (BAJ-T, BAJFF-O) has hired ICA Fluor as the engineering, procurement and construction management (EPCM) firm for the first phase of construction at its Boleo copper-cobalt-zinc-manganese project in Mexico.

As part of its contract, ICA will develop an open-book capital cost estimate based on current market conditions, To date, 30% of the engineering at the project has been completed, and will be worked into the estimate, which is expected to be completed by mid-2009, after being reviewed by an independent third party.

In addition to cost estimates, ICA will also develop a schedule for construction at the mine.

Baja’s 70%-owned Boleo project is a joint venture with a Korean syndicate that holds 30%. Baja is the operator of Boleo, which is located near Santa Rosalia, Mexico. ICA Fluor, a joint venture between Fluor Corp. and Empresas ICA, is headquartered in Mexico City.