2006 News
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December 14, 2006 : Phase 2 Test Mine Demonstrates Potential for High Production Underground Mine
Baja Mining Corp. (the "Company") is pleased to provide final results from the second mine trial recently completed at its El Boleo copper/cobalt/ zinc/manganese deposit, Baja California Sur, Mexico.
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December 08, 2006 : Environmental Approval Received For Mine Development
Baja Mining Corp. (the “Company”) is pleased to advise that the Mexican Federal Environmental Agency (Secretaria de Medio Ambiente y Recursos Naturales – “SEMARNAT”) has approved the Environmental Impact Manifest (“Manifestación de Impacto Ambiental - “MIA”) for the Company’s El Boleo copper-cobalt-zinc-manganese Project.
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November 29, 2006 : Baja Files Restated Financial Statements And Amended Management And Discussion And Analysis
During an internal review of the financial statements and the procedures involved in the preparation of the quarter ending September 30, 2006, Baja Mining Corp. (the “Company”) discovered an error in the accrual of exploration expenses for the second quarter ended June 30, 2006. In the previously released financial statements the Company had incorrectly accrued $2,245,505 in exploration expenses. There were also incorrect allocations between expense categories. In addition, 986,993 warrants that were granted to agents with respect to private placements had not been recorded as share issue expense. Warrants granted as agent fees require a fair value calculation (Black-Scholes) that is recorded as share capital and convertible securities issuance costs. Further, upon review of the option pricing model (Black-Scholes) used for valuing stock options and warrants issued during 2006, the Company concluded that the time period used to calculate the volatility assumption and the expected life required adjustment.
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November 29, 2006 : 2006 Third Quarter Report
Baja Mining Corp. (the “Company”) is pleased to provide its third quarter results for September 30th, 2006. The following is a brief summary of the September 30, 2006 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.
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October 02, 2006 : Baja Mining Completes Definitive Feasibility Study Drill Program; Clarifies Escrow Release
Baja Mining Corp. (the "Company") is pleased to announce that the Company has completed the first 20,000 meters of the current +38,000 meter in-fill drill program at its El Boleo copper-cobalt-manganese-zinc project located near Santa Rosalia, Baja California Sur, Mexico. This will meet the requirements for completion of the Definitive Feasibility Study ("DFS") scheduled for completion in the fourth quarter of 2006. The samples from this drill program are being assayed on an expedited basis.
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September 25, 2006 : Baja Mining Releases Escrowed Shares
Baja Mining Corp. (the “Company”) advises, further to a news release dated August 25, 2006, that the Company has now graduated to Tier 1 status on the TSX Venture Exchange. In accordance with TSX Venture Exchange policy and the Company’s escrow agreement, the remaining 12 million escrowed shares of the Company will be released immediately.
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August 29, 2006 : 2006 SECOND QUARTER REPORT
Baja Mining Corp. (the “Company”) is pleased to provide its second quarter results for June 30th, 2006. The following is a brief summary of the June 30, 2006 quarterly Financial Statements and Management Discussion and Analysis. Complete details may be found on the Company’s website at http://www.bajamining.com, as well as on SEDAR at www.sedar.com. All amounts are in CDN dollars unless otherwise noted.
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August 25, 2006 : Baja Mining Announces Graduation To Tier 1 Listing On The Tsx Venture Exchange
Baja Mining Corp. (the “Company”) is pleased to announce that it has successfully graduated to the Tier 1 issuer level on the TSX Venture Exchange (the "TSXV"), effective immediately.
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August 17, 2006 : Baja Mining Updates Status Of The Boleo Feasibility Study
Baja Mining Corp. (the "Company") is pleased to announce that the Company is moving forward to establish the base line work required for an early launch of detailed engineering on its El Boleo Project, Baja California Sur, Mexico. Feasibility level engineering work on the process plant has been completed. Release of the final Definitive Feasibility Study (DFS) report will be delayed to accommodate an extension to the in-fill drill program.
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July 27, 2006 : Baja Mining Appoints New Officers
Baja Mining Corp. (the "Company") is pleased to announce the promotion of Mr. Eric Norton to Vice President – Project Development and Operations.
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July 21, 2006 : Baja Mining Phase 2 Pilot Plant Program Successfully Completed
Baja Mining Corp. (the “Company”) is pleased to announce the successful completion of the Demonstration Phase 2 Pilot Plant campaign (“Pilot Plant”) at SGS Lakefield Research Ltd (“Lakefield”) treating ore from the Company’s Boleo property (“Boleo”), Baja California Sur, Mexico.
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July 21, 2006 : Baja Mining Reports On Initial In-Fill Drilling Results Of The Definitive Feasibility Study
Baja Mining Corp. (the “Company”) is pleased to provide initial assay results from a 38,800 metre diamond drill campaign that is currently underway at its El Boleo copper/cobalt/ zinc/manganese deposit, Baja California Sur, Mexico.
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July 20, 2006 : Baja Mining Announces Successful Test Mining Results On Its El Boleo Project
Baja Mining Corp. (the "Company") is pleased to provide summary results from the mine trial tests completed at its El Boleo copper/cobalt/zinc/manganese deposit ("Boleo"), Baja California Sur, Mexico in June 2006.
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July 20, 2006 : Baja Mining Corp. Secures Option To Acquire Power Generation Facilities
Baja Mining Corp. (the "Company") has acquired an option to purchase four diesel driven generator sets from a United States power company. Each unit is rated at 2.5MW, providing a total of 10MW. The generation plant had been used to provide standby power for an East Coast island. The units are in excellent condition as they have very low operating hours and are maintained in a hot standby state. The modules are skid-mounted and are thus easily re-locatable. The option provides for a series of payments that, in total, will amount to approximately 10% of the cost of equivalent new units.
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June 01, 2006 : Baja Welcomes New General Manager - Mining
Baja Mining Corp. (the "Company") is pleased to welcome Mr. Scott G. Britton, P.Eng, as General Manager - Mining to the Company’s comprehensive Boleo Project team.
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May 31, 2006 : Reminder of Annual General Meeting
Baja Mining Corp. (the "Company") is pleased to remind all shareholders that the Annual General Meeting ("AGM") of the Company is being held tomorrow, Thursday June 1st, 2006 at 10am at the Hyatt Regency Hotel, 655 Burrard Street, Vancouver.
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May 15, 2006 : Baja Files Environmental Impact Manifest For Development Permit At El Boleo Copper-Cobalt-Zinc
Baja Mining Corp. (the “Company”) is pleased to advise that it submitted the Environmental Impact Manifest (“EIM”) for approval of the development of the Boleo copper-cobalt-zinc-manganese project on May 8th, 2006, to the Mexican Federal environmental agency, SEMARNAT (Secretaria de Medio Ambiente y Recursos Naturales).
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April 17, 2006 : Baja Mining Announces Closing of $23 Million Private Placement
Baja Mining Corp. (the "Company") is pleased to announce that it has closed its previously announced private placement raising gross proceeds of $23,000,000. Through the efforts of a syndicate led by Westwind Partners Inc. and including Haywood Securities Inc (the "Agents"), the Company raised gross proceeds of $14,517,702 through the issuance and sale of 16,130,780 units at a price of $0.90 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $1.25 until April 13, 2008 or until April 13, 2011 with the consent of the TSX Venture Exchange. The balance of funds were raised by the Company for gross proceeds of $8,482,298.40. Subscription proceeds in the amount of $1,999,930.00 and the applicable 2,222,144 units are being held in escrow pending receipt of final release authorization documentation.
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April 12, 2006 : Baja Welcomes New Director of Project Development
Baja Mining Corp. (the "Company") is pleased to welcome Mr. Eric W. Norton, P.Eng, as Director of Project Development to the Company’s comprehensive Boleo Project team.
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April 06, 2006 : Private Placement of $23 Million Scheduled To Close April 13th
Baja Mining Corp. (the "Company") is pleased to advise, further to an initial press release dated March 27, 2006, that a "best efforts" private placement (the "Placement"), with a syndicate led by Westwind Partners Inc., and including Haywood Securities Inc. (the "Agents"), to raise $14 million by issuance of up to 15,555,556 units at a price of $0.90 per unit, has been conditionally accepted by the TSX Venture Exchange (the "Exchange").
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March 27, 2006 : Baja Mining Announces Private Placement Of Up To $23 Million
Baja Mining Corp. (the “Company”) is pleased to announced that it has entered into an agreement with a syndicate led by Westwind Partners Inc. and including Haywood Securities Inc (the “Agents”), for a “best efforts” private placement of up to 15,555,556 units at a price of $0.90 per unit for gross proceeds to Baja Mining of $14.0 million. Each unit shall consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Baja Mining at a price of $1.25 for 24 months from the closing date (which may be extended to 60 months from the closing date upon acceptance of the TSX Venture Exchange).
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March 08, 2006 : Underground Test Mine – Success Continues At Boleo
Baja Mining Corp. (the “Company”) is pleased to provide a further update on the Test Mining Program currently underway on site at El Boleo Copper-Cobalt-Zinc-Manganese Project in Santa Rosalia, Baja California Sur, Mexico. John Wyche, Mine Designer for the El Boleo Project Test Mine, of Australian Mine Design and Development (AMDAD), provides the following update.
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March 03, 2006 : Baja Shares Listed On Frankfurt Stock Exchange
Baja Mining Corp. (the "Company") has been informed that its shares have commenced trading on the Frankfurt Stock Exchange. The listing should facilitate the trading of the Company’s shares in Europe.
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February 03, 2006 : Clarification of Warrants Outstanding
Baja Mining Corp. (the "Company") would like to clarify the Company’s warrants currently issued and outstanding. The warrants trading on the TSX-Venture Exchange were issued in a financing completed in April 2004. Those warrants have an exercise price of $1.15 and are 60 month warrants that expire on April 19, 2009. The $1.15 warrants are the only warrants trading. This was previously announced in a press release dated April 21, 2004.
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January 31, 2006 : Baja Grants Additional Options
Baja Mining Corp. (the "Company") is pleased to announce that it has granted further options to purchase 200,000 shares of the Company for a period of 5 years, for a total of 350,000 options, to Robert Douglas Corporation ("Douglas"). Douglas is providing Investor Relations consulting services to the Company. Pricing of options is at the allowable discount from market as at the close of market on January 30, 2006 and is subject to all necessary approvals.
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January 17, 2006 : Underground Test Mine – Interim Report Points to Success
Baja Mining Corp. (the "Company") is pleased to provide an interim update on the Test Mining Program currently underway on site at El Boleo Copper-Cobalt-Zinc-Manganese Project in Santa Rosalia, Baja California Sur, Mexico. John Wyche, Mine Designer for the El Boleo Project Test Mine, of Australian Mine Design and Development (AMDAD), provides the following update.
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