2005 News

  • December 21, 2005 : Brokered Private Placement Closed

    Baja Mining Corp. (the "Company") is pleased to announce it has closed a previously announced brokered private placement (the "Placement"). Haywood Securities Inc. ("Haywood"), of Vancouver, B.C., has acted as lead agent to raise $1,839,500.25 by issuance of 5,255,715 Units of the Company at $0.35 per Unit. Each Unit consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant allows the holder to purchase one common share of the Company until December 21, 2007 at a price of $0.45 per share. All securities issued are subject to a hold period until April 22, 2006. [ PDF ]

  • December 15, 2005 : Private Placement: 2nd Tranche Non-Brokered Closing Complete; Close Date Set For Brokered Portion

    Baja Mining Corp. (the “Issuer”) is pleased to announce it is proceeding to completion of a previously announced private placement (the “Placement”), comprised of both brokered and non-brokered portions, to raise up to $3,100,150 by issuance of up to 8,857,571 Units at $0.35 per Unit. Each Unit consists of one share and a half share purchase warrant. Each whole warrant allows the holder to purchase one share for a period of two (2) years from issuance at a price of $0.45 per share. In addition, the Issuer has accepted a subscription agreement from Fondel BV Finance (“Fondel”) of Rotterdam for the non-brokered placement of a further 1,000,000 units at $0.35 per Unit resulting in the overall placements increase to $3,450,150 by issuance of up to 9,857,571 Units. [ PDF ]

  • December 05, 2005 : Investor Relations Agreement Entered Into With Robert Douglas Corporation

    Baja Mining Corp. (the “Company”) is pleased to announce it has retained Robert Douglas Corporation (“Douglas Corp.”) to provide Investor Relations (“IR”) services to the Company.  Douglas Corp. is owned by Mr. Bob Douglas, of Komoka, Ontario, Canada and has many years experience working with senior management in defining  corporate identities and articulating their inherent value to strategic partners and the investment community. [ PDF ]

  • November 29, 2005 : 2005 Third Quarter Report

    Baja Mining Corp. (the “Company”) is pleased to provide its third quarter results for September 30, 2005. The following is a brief summary of the September 30, 2005 quarterly Financial Statements and Management Discussion and Analysis. Complete details may be found on the Company’s website at www.bajamining.com, as well as on SEDAR at www.sedar.com. All amounts are in CDN dollars unless otherwise noted. [ PDF ]

  • November 08, 2005 : First Tranche of Private Placement Closed

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to announce that it has completed the first tranche of a non-brokered private placement of 1,426,678 Units.  Each Unit was sold at a price of $0.35 and consisted of one common share and one-half of a share purchase warrant.  One whole warrant entitles the holder thereof to purchase one additional common share at an exercise price of $0.45 per share at any time prior to November 2, 2007. [ PDF ]

  • October 29, 2005 : Baja To Complete Brokered And Non-Brokered Private Placement

    Baja Mining Corp. (the “Issuer”) is pleased to announce that it is proceeding with both a brokered and non-brokered private placement to raise up to $3,100,150 by issuance of up to 8,857,571 Units at a price of $0.35 per Unit.  Each Unit will consist of one common share and a one-half a share purchase warrant.  Each whole share purchase warrant will entitle the holder to purchase a further common share for a period of two (2) years from closing at a price of $0.45 per common share. [ PDF ]

  • October 19, 2005 : UNDERGROUND TEST MINE COMMENCED AT EL BOLEO PROJECT

    Baja Mining Corp. (the “Company”) is pleased to advise that it has commenced an underground test mine at the El Boleo Project, Baja California Sur, Mexico.  The test mine will consist of approximately 400 meters of development headings from which a series of test panels will be mined utilizing a bord and pillar mining method.  Development headings are being driven in the ore horizon utilizing a continuous mining machine (a 54 tonne DOSCO 1300 roadheader), similar to those used in coal, potash and salt mines.  For more information on this method please visit: http://www.bajamining.com/projects/mining_methods[ PDF ]

  • October 17, 2005 : Non-Brokered Private Placement

    Baja Mining Corp. (the “Issuer”) is pleased to announce that it is proceeding with a non-brokered private placement to raise approximately $1,200,000 by issuance of up to 3,428,571 Units at a price of $0.35 per Unit.  Each Unit will consist of one common share and a one-half a share purchase warrant.  Each whole share purchase warrant will entitle the holder to purchase a further common share for a period of two (2) years from closing at a price of $0.45 per common share.  A portion ($500,000) of the placement is subject to the Issuer completing a further placement to raise a combined $3,000,000.   The Issuer is currently in discussions with several brokerage firms to assist in this further placement of securities.  The Issuer will, subject to receipt of appropriate regulatory approvals, close the placement in tranches as funds are received. [ PDF ]

  • September 16, 2005 : Baja engages investor relations firm

    John Greenslade, President of Baja Mining Corp. (“Baja” or the “Company”), is pleased to announce that it has engaged Scott F. Gibson and Company Inc. of Vancouver, B.C., to provide the Company with marketing and investor communications services. Gibson and Co. will assist the Company in gaining increased exposure to investors, brokers, analysts, newsletter writers and media. In addition, Gibson and Co. will assist management with strategizing and implementing the Company's communications programs. [ PDF ]

  • September 14, 2005 : Preliminary Economic Assessment For The El Boleo Project Now Filed

    John Greenslade, President of Baja Mining Corp. (“Baja” or the “Company”) is pleased to advise, further to a news release dated September 13, 2005, the Preliminary Economic Assessment for the El Boleo Project has now been filed on SEDAR (www.sedar.com) and on the Company’s website (www.bajamining.com). [ PDF ]

  • September 13, 2005 : Baja Announces Preliminary Economic Assessment For The El Boleo Project

    John Greenslade, President of Baja Mining Corp. (“Baja” or the “Company”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the 100% owned El Boleo copper cobalt zinc project located at Santa Rosalia, Baja California Sur, Mexico. All figures are in US and metric measure unless otherwise stated. [ PDF ]

  • August 26, 2005 : 2005 Second Quarter Report

    Baja Mining Corp. (the “Company”) is pleased to provide its second quarter results for June 30, 2005. The following is a brief summary of the June 30, 2005 quarterly Financial Statements and Management Discussion and Analysis. Complete details may be found on the Company’s website at www.bajamining.com as well as on SEDAR at www.sedar.com. All amounts are in CDN dollars unless otherwise noted. [ PDF ]

  • July 26, 2005 : Corporate Update – Test Mine To Commence; Metal Produced

    John Greenslade, President of Baja Mining Corp. (“Baja” or the “Company”), is pleased to advise of the successful production of copper metal, cobalt metal and hydrated zinc sulphate from Boleo ore in a phase 1 pilot plant and the commencement of an underground test mine at the El Boleo Project, Baja California Sur, Mexico. [ PDF ]

  • June 07, 2005 : Private Placement Amendment

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to announce that it has filed for final approval of the private placement of 2,100,000 Units previously announced on March 15, 2005 and March 21, 2005, and all funds have been received by the Company. [ PDF ]

  • June 02, 2005 : 2005 First Quarter Report

    Baja Mining Corp. (the “Company”) is pleased to provide its first quarter results for March 31, 2005. The following is a brief summary and complete details of the March 31, 2005 quarterly Financial Statements and Management Discussion and Analysis may be found on the Company’s website at www.bajamining.com as well as on SEDAR at www.sedar.com. All amounts are in CDN dollars unless otherwise noted. [ PDF ]

  • April 14, 2005 : Management Welcomes New Director

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to advise of the appointment of Mr. Ross Glanville as an Additional Director to the Company’s Board of Directors as of April 12, 2005. Mr. Glanville graduated from the University of British Columbia in 1970 with a Bachelor of Applied Science Degree (Mining Engineering) and became a member of the Association of Professional Engineers of British Columbia in 1972 (P.Eng.). In 1974, he obtained a Master of Business Administration Degree (MBA), specializing in finance and securities analysis. In 1980, he became a member of the Certified General Accountants of B.C. (CGA). Mr. Glanville has thirty-five years of experience in mining, exploration, finance, marketing, and management, and held senior executive positions with major and junior mining and consulting companies. As an independent consultant over the past twenty years, Mr. Glanville has specialized in valuations of exploration/development/mining companies and properties; and has also provided many fairness opinions, and acted as an expert witness in court cases involving valuation disputes related to financial and technical issues. [ PDF ]

  • April 07, 2005 : New Resource Estimate Study El Boleo Copper/Cobalt/Zinc Project

    Baja Mining Corp. (the “Company”) as part of the current Definitive Feasibility Study currently being conducted under the direction of study engineers Bateman Engineering Inc. Canada, commissioned geological consultants Hellman & Schofield Pty. Ltd.(H&S), of Sydney, Australia, in late 2004 to develop a computerized 3D digital resource model of the Company’s 100% owned El Boleo copper/cobalt/zinc deposit. [ PDF ]

  • March 31, 2005 : New Resource Estimate Study El Boleo Copper/Cobalt/Zinc Project

    Baja Mining Corp. (the “Company”) as part of the current Definitive Feasibility Study currently being conducted under the direction of study engineers Bateman Engineering Inc. Canada, commissioned geological consultants Hellman & Schofield Pty. Ltd.(H&S), of Sydney, Australia, in late 2004 to develop a computerized 3D digital resource model of the Company’s 100% owned El Boleo copper/cobalt/zinc deposit. [ PDF ]

  • March 22, 2005 : Financial Advisory Services Agreement Entered Into With Endeavour Financial International Corp

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to advise that the Company has retained Endeavour Financial International Corporation (“Endeavour”) on an exclusive basis to provide general corporate financial advice with respect to the financing and development of the Boleo copper/cobalt/zinc Project, Baja California Sur, Mexico. Endeavour will work closely with management to identify and implement various transactions relating to the financing of the Boleo Project, which may include, but are not limited to: project finance, corporate debt finance, convertible debt, off-take finance, metal loans, mezzanine finance, bridge loans or equity. Remuneration under the contract is confidential but will include, subject to regulatory approval, the granting to Endeavour of options to purchase up to 1,000,000 shares of the Company at a price of $0.75 per share for a period of five years. The option price may be reduced if the Company completes a private placement in the immediate future at a lower price. [ PDF ]

  • March 21, 2005 : Private Placement

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to announce that further to a private placement of C$1.2 Million with Fondel B.V. Finance of Rotterdam, subject to TSX Venture Exchange approval, the Company has accepted a subscription agreement for an additional private placement of 80,000 Units at a price of $0.75 per Unit for proceeds of $60,000 from Mr. Carl Pescio, Exploration Geologist of Elko, Nevada. Each Unit will consist of one common share and on-half share purchase warrant. Each whole warrant will entitle Mr. Pescio to purchase a further common share at a price of $1.15 per share. The period to exercise this warrant right will be for a minimum of 2 years ( or such greater period, to a maximum of 5 years as the TSX Venture Exchange may permit). In the event the Company enters into any agreements for further third party equity placements in the immediate future at a lower issue price the current placement pricing will be reduced accordingly. [ PDF ]

  • March 15, 2005 : Private Placement

    John Greenslade, President of Baja Mining Corp. (the “Company”), is pleased to advise that it has arranged, subject to TSX Venture Exchange approval, a private placement of 1,600,000 Units at a price of $0.75 per Unit for proceeds of $1,200,000 to Fondel Finance B.V., a private holding company owned by Willem C. van’t Wout, of Rotterdam, and his family. Each Unit will consist of one common share and one-half share purchase warrant. Each whole warrant will entitle Fondel to purchase a further common share at a price of $1.15 per share. The period to exercise this warrant right will be for a minimum of 2 years (or such greater period, to a maximum of 5 years as the TSX Venture Exchange may permit). In the event the Company enters into any agreements for further third party equity placements in the immediate future at a lower issue price the current placement pricing will be reduced accordingly. A finders’ fee will be paid in accordance with TSX Venture Exchange policy on the placement. [ PDF ]

Supervisors accommodations construction