Korea Resources Corp., a state-owned minerals explorer, said its Boleo copper project in Mexico will begin production in 2013, supplying South Korea with about 30 percent of the mine’s output.
The mine on Mexico’s Baja California Peninsula is expected to produce 38,000 metric tons of copper annually for 23 years starting in the second half of 2013, the Seoul-based company, which owns 10 percent of the project, said in an e-mailed statement today. South Korea will import about 12,000 tons anually from the project, it said.
