Baja Mining Corp., (TSX: BAJ; OTCBB: BAJFF.PK), which owns a majority interest in a mining operation located in Santa Rosalia, Baja California Sur, called the “El Boleo Project”, announced that it would invest US$991 million in the project starting in 2009, when mining operations are expected to commence, according to a report in today’s El Economista. The report said that the El Boleo Project is funded by a consortium of investors, led by Korea Resource Corporation and including LS-Nikko Copper, Hyundai Hysco, SK Networks, and Iljin Copper Foil.  The property on which the mine is located is reported on Baja Mining Corp.’s website to contain polymetallic (copper, cobalt, zinc, manganese) deposits.