2007 News

  • December 12, 2007 : Baja Mining Appoints New Chief Financial Officer

    Baja Mining Corp. (the “Company”) is pleased to announce the promotion of Mr. Rowland Wallenius to Chief Financial Officer (“CFO”) of the Company, effective immediately. [ PDF ]

  • November 13, 2007 : Baja Mining Secures Us$64 Million Equipment Lease Agreement with Caterpillar Financial

    Baja Mining Corp. (the “Company”) is pleased to announce that its wholly owned Mexican subsidiary, Minera y Metalurgica del Boleo S.A. de C.V., has entered into an agreement with Caterpillar Financial SARL (“Cat Financial (Zurich)”), of Zurich, Switzerland, to act as Arranger and Provider in relation to an Equipment Lease Facility (the “Facility”) in an aggregate principal amount of up to US$64 million. [ PDF ]

  • October 16, 2007 : Baja Mining Announces Closing of Brokered Tranche of $45million Private Placement

    Baja Mining Corp. (the "Company"), further to its press release of September 13, 2007, is pleased to announce that it has closed the brokered second tranche of its previously announced $45 million private placement (the "Offering") with Versant Partners Inc. The brokered portion of the Offering was fully subscribed, and raised gross proceeds totaling $15,000,900. [ PDF ]

  • October 11, 2007 : Baja Mining Notifies 2005 Warrant Holders of Near Term Expiry Date

    Baja Mining Corp. (the “Company”) wishes to remind shareholders that participated in a private placement that closed in tranches between November 2, 2005 and December 21, 2005 that $0.45 warrants associated with such a placement are expiring on their respective dates in November and December of this year. Should warrant holders wish to exercise, please forward appropriate documentation to the Company before the expiry dates noted on the warrant or contact the Company for further instructions. [ PDF ]

  • September 24, 2007 : Baja Mining Closes First Tranche of Cdn $45+ Million Private Placement, And Seeks Shareholder

    Baja Mining Corp. (the "Company") is pleased to announce that it has closed the initial non-brokered tranche of its private placement announced on September 13, 2007 (the "Offering"), raising proceeds of approximately CDN $30 million. The Company is seeking consent in writing from the holders of over 50% of its outstanding common shares for the brokered component of the Offering, which will raise additional gross proceeds of approximately CDN $15 million. [ PDF ]

  • September 13, 2007 : Baja Mining Announces Private Placement Of Cdn$45+ Million

    Baja Mining Corp. (the “Company”) is pleased to announce that it has reached agreements for the private placement (the “Offering”) of 24,215,000 Units at a price of $1.86 per Unit for gross proceeds of $45,039,900. [ PDF ]

  • September 12, 2007 : Baja Mining Secures Underwritten Commitment For El Boleo Us$515 Million Debt Financing

    Baja Mining Corp. (the “Company”) is pleased to announce that it has entered into an underwritten commitment with Bayerische Hypo-und Vereinsbank AG, a member of the UniCredit Group (“UniCredit”) as Mandated Lead Arranger to arrange and underwrite a limited-recourse term loan facility in an aggregate principal amount of up to US$475 million (the “Term Loan Facility”), as well as a cost overrun loan facility in an aggregate principal amount of US$40 million (the “Cost Overrun Facility” and together with the Term Loan Facility, the “Facilities”) to Minera y Metalurgica del Boleo S.A. de C.V. (“MMB”), Mexico. UniCredit will be the sole arranger and underwriter of the Facilities. [ PDF ]

  • September 06, 2007 : Baja Welcomes New Vice President – Engineering and Construction

    Baja Mining Corp. (the "Company") is pleased to welcome Mr. Michael F. Shaw, P.E., as Vice President - Engineering and Construction, to the Company’s comprehensive Boleo Project team. [ PDF ]

  • September 04, 2007 : Baja Signs Bridge Loan Agreement with Endeavour Mining Capital

    Baja Mining Corp. (the "Company") is pleased to announce it has entered into a bridge loan facility (the "Facility") with Endeavour Mining Capital Corp.("Endeavour") for an aggregate principal amount of up to US$10 million to finance the purchase of long-lead order equipment required for the development of the Boleo Project, Baja California Sur, Mexico. [ PDF ]

  • August 21, 2007 : Baja Mining Granted Essential Land Use Permits

    Baja Mining Corp. (the “Company”) is pleased to announce that it has been advised by the Mexican Secretariat for the Environment and Natural Resources (SEMARNAT) that it has authorized the change in land use for the property on which the Boleo Project will be developed as per the requirements of the Mexican Law for Sustainable Forestry Development. This authorization involves payment of approximately US$550,000 in compensatory duties to the National Commission for Forestry (CONAFOR) to be applied in rehabilitation projects in the State of Baja California Sur. [ PDF ]

  • July 13, 2007 : Baja Mining Files Feasibility Study Summary

    John Greenslade, President of Baja Mining Corp. (“Baja” or the “Company”) is pleased to advise, further to a news release dated May 29, 2007, the NI 43-101 compliant, Feasibility Study Summary Report (“DFS Summary”) for the El Boleo Project has now been filed on SEDAR at www.sedar.com, on EDGAR at http://sec.gov/edgar.shtml and on the Company’s website at www.bajamining.com. [ PDF ]

  • June 21, 2007 : Baja Mining Corp. Advances Engineering and Financing

    Baja Mining Corp. (the “Company”) (TSX: BAJ) is pleased to announce that it has signed contracts for the Basic Engineering package for its Boleo copper, cobalt project in Baja California Sur, Mexico. The Definitive Feasibility Study, headed by Bateman Engineering (“Bateman”), has recently been completed and the engineering team that had been assembled for that work will now continue to develop the Baseline and Basic Engineering package that is necessary before starting Detailed Engineering and Construction. Contracts have now been signed with Wardrop Engineering (“Wardrop”) of Vancouver B.C., Bateman Engineering (“Bateman”) of Brisbane, Australia, and TIC – The Industrial Company (“TIC”), of Steamboat Springs, Colorado. The next phase of work will include Basic Engineering for the process and plant design, early (long lead item) procurement, and the development of master schedules and the final Engineering, Procurement and Construction Management (“EPCM”) contracts. [ PDF ]

  • May 29, 2007 : Baja Mining Completes Definitive Feasibility Study: Robust Economics Confirmed

    Baja Mining Corp. (the “Company”) is pleased to announce the completion of the Definitive Feasibility Study (“DFS”) for the Boleo project located at Santa Rosalia, Baja California Sur, Mexico. The DFS is based on long-term prices of $1.50/lb copper, $15/lb cobalt and $1,200/t zinc sulphate, unless otherwise stated. All dollar amounts are in United States dollars. [ PDF ]

  • April 17, 2007 : Baja Mining Exercises Option to Purchase Power Generators

    Vancouver, British Columbia - Baja Mining Corp. (the "Company") is pleased to announce that it has exercised its exclusive option to purchase a 10MW power generation facility from a US utility. (For complete details of the option, please see the Company’s news release dated July 20, 2006).  [ PDF ]

  • April 04, 2007 : Baja Mining Releases Results For The Year Ended December 31, 2006

    Vancouver, British Columbia - Baja Mining Corp. (the “Company”) is pleased to announce the annual results for the year ended December 31, 2006.  All amounts are in Canadian dollars unless otherwise stated. [ PDF ]

  • April 04, 2007 : Baja Mining Definitive Feasibility Study Resources

    Baja Mining Corp. (the “Company”) is pleased to announce updated resource estimates incorporating the final 20,000 meters of the 2006-2007 in-fill core drilling program for the Boleo Cu-Co-Zn-Mn project located at Santa Rosalia, Baja California Sur, Mexico. [ PDF ]

  • February 07, 2007 : Baja Mining Releases Updated Preliminary Economic Assessment of Boleo Project

    Baja Mining Corp. (the “Company”) is pleased to release the results of the Updated Preliminary Economic Assessment (“Updated PEA”) for the Boleo project located at Santa Rosalia, Baja California Sur, Mexico.  The update incorporates the results of 20,000 metres of an in-fill drilling program that was completed in early October 2006 as well as the capital cost estimate that has been prepared by Bateman Engineering (“Bateman”) and Wardrop Engineering (“Wardrop”) for the process plant. [ PDF ]

  • February 05, 2007 : Baja Mining to Graduate to Toronto Stock Exchange

    Baja Mining Corp. (the "Company") is pleased to advise that its application to graduate to the Toronto Stock Exchange ("TSX") has been approved. The Company’s shares will cease trading on the TSX Venture Exchange as of close of business on February 6, 2007, and will commence trading on the TSX at open of market on Wednesday, February 7, 2007. The ticker symbol will remain BAJ. [ PDF ]

  • February 01, 2007 : Update: Preliminary Economic Assessment

    Baja Mining Corp. (the "Company") advises that the Company received the updated geological model from Hellman & Schofield in mid-January as expected and has been working with its mining consultants to incorporate these results into a revised mine plan for inclusion into a National Instrument 43-101 compliant Preliminary Economic Assessment. Economic modelling of the data is currently being finalized for presentation to the Company’s board of directors. [ PDF ]

  • January 24, 2007 : Baja Mining Establishes Trust Fund for Conservation At Boleo Property

    Baja Mining Corp. (the "Company") is pleased to advise that it has reached agreement with the Commission of Natural Protected Areas (CONANP), Bank Monex, and Ecobanca, a Mexican non-profit organization, to establish a trust fund to support environmental conservation measures within the El Vizcaino Biosphere. The Company’s El Boleo property is located within the "Buffer Zone" of such Biosphere. The compensation fund will commence with a payment of US$100,000 on January 31, 2007 and the issuance of three Special Warrants for an aggregate of 180,000 Common Shares of the Company. One Special Warrant will mature in each of February, 2009, 2010 and 2011. Each Special Warrant may be converted, in whole or in part, at any time prior to maturity into 60,000 Common Shares of the Company. In addition, the trustee of the Special Warrants can require the Company to repurchase any or all of the Special Warrants represented by a certificate at a price of USD$5.555 per underlying Common Share at any time within 30 days of the Maturity Date of each such Special Warrant. The Special Warrants contain provision for cancellation prior to a maturity date if development of the El Boleo project does not proceed. If cancellation occurs after any of the maturity dates, any matured or exercised certificates are considered a final contribution to the trust fund. [ PDF ]

  • January 15, 2007 : Form 20f Registration Statement Cleared

    Baja Mining Corp. (the “Company”) has been advised by the United States Securities and Exchange Commission (“SEC”) that it has cleared all comments related to the Registration Statement filed by the Company on Form 20-F. The Registration Statement may be reviewed in its entirety under the Company’s profile under the US Securities and Exchange Commission website at www.sec.gov/edgar.shtml. [ PDF ]

  • January 08, 2007 : El Boleo Definitive Feasibility Schedule and Construction Financing Plans

    Baja Mining Corp. (the "Company") advises that with the approval of its Environmental Impact Manifest on December 8, 2006 by Mexican Environmental authorities and completion of the in-fill drill program for resource definition for the Definitive Feasibility Study ("DFS") it is now in a position to fast-track project development to achieve production in early 2009. [ PDF ]

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