 The Original US EXIM Facility was terminated in late 2012 and KORES has negotiated a new approximately US$419 million facility with US EXIM, to be used to finance further construction and development of the Boleo project.KORES anticipates to normalize the remainder of the 2010 Project Financing with the syndicate of the lenders in due course.In January 2015, production started in El Boleo, after the Canadian Baja Mining Corp fought hard to find investors to keep the project running.