2008 News

  • November 06, 2008 : Baja Mining to Host Conference Call for Investors

    Baja Mining Corp. (the “Company” or “Baja”) today announced that it will host an investor conference call on Thursday, November 13, 2008 at 8:00 a.m. Pacific Standard Time (11:00 a.m. EST).

    During the call John Greenslade, President and CEO of Baja, will provide a corporate update about the Company, the Boleo Project and recently announced Company news. [ PDF ]

  • October 29, 2008 : Baja Mining Delays Development of Boleo Project Pending Improved Market Environment

    Baja Mining Corp. (the “Company” or “Baja”) advises that due to the current global financial crisis, it has elected to delay construction activities at the Boleo Project, Mexico. [ PDF ]

  • August 19, 2008 : Baja Mining to Take First Delivery Of Mining Equipment

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce that the first shipment of major mining equipment for use at its Boleo project is expected to arrive at site in Baja California Sur in August or early September 2008. The equipment will immediately be put into service in development of stockpile benches, access roads to the planned underground portals, and stripping of the open-cut mines and within the tailings impoundment facility. It will also be available for preparation of the process plant site and tailings facility. Subsequent deliveries of the remaining surface mining equipment will be occurring over the balance of 2008; and the first arrival of underground production mining equipment is expected in late December 2008 for startup in first quarter 2009. These initial deliveries are focused on primary mining equipment and include the continuous mining machines, roof bolters and other production machines. [ PDF ]

  • July 28, 2008 : Baja Mining Receives $90 Million & Ramps Up Construction Activities

    Baja Mining Corp. (the “Company” or “Baja”) provides the following update on the development of the El Boleo Project, Mexico. [ PDF ]

  • July 04, 2008 : Baja Mining Releases Video Presentation on Financing Completion

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to provide an updated video news release on the announced financing transaction (refer to press release dated July 2, 2008). [ PDF ]

  • July 02, 2008 : Baja Mining Closes Sale Of 30% of Boleo Project To Korean Consortium For Us$294 Million Cash

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce that on the 30th of June it completed the transaction (the “Transaction”, as described in its press releases of April 17, 2008 and June 3, 2008) with a consortium of Korean companies (the “Consortium”) led by Korea Resources Corporation (“Kores”). [ PDF ]

  • June 25, 2008 : Baja Mining Provides Financing Update

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce that it has arranged a standby bridge financing with Endeavour Mining Capital Corp. (“Endeavour”) in the aggregate amount of US$10,000,000 (the “Facility”). [ PDF ]

  • June 03, 2008 : Baja Mining Closes Transaction with Korean Consortium In Escrow

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce that the transaction with the consortium of Korean companies led by Korea Resources Corporation (the “Korean Consortium”) described in its press release of April 17, 2008 (the “Transaction”) has closed in escrow. [ PDF ]

  • May 08, 2008 : Baja Mining Welcomes Tom Ogryzlo as Chairman of The Board

    Baja Mining Corp. (the “Company”) is pleased to announce the appointment of Mr. C. Thomas Ogryzlo as Chairman of the Board of Directors of the Company effective immediately. [ PDF ]

  • April 22, 2008 : Baja Mining Launches New Multimedia Presentations

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce the launch of new multimedia presentations on the Boleo Project and the Company. These are now available for viewing on the Company’s website at www.bajamining.com. [ PDF ]

  • April 18, 2008 : Baja Mining Clarifies Financing Announcement

    Baja Mining Corp. (the “Company” or “Baja”) clarifies an announcement made April 17, 2008. In regards to the press release dated April 17, 2008, the Company wishes to clarify the status of construction financing for the El Boleo Project. As announced, the estimated cost of construction (commencing from completion of the Definitive Feasibility Study in May 2007) is currently US$991 million. The Company has previously completed (in 2006 & 2007) equity financings from which approximately US$52 million was available to contribute to the cost of construction. Based upon the previously announced first mortgage commitment of US$475 million, the announced funding from the Korean Consortium of US$435 million and the US$52 million previously raised, Baja has raised or received commitments for US$962 million of an estimated US$991 million required. Assuming closing of all transactions, Baja will require a further US$29 million to fully fund estimated construction costs. The remaining US$29 million is expected to be raised as either subordinate debt related off-take contracts, equity or a combination thereof. [ PDF ]

  • April 17, 2008 : Baja Mining Welcomes Kores as Development Partner at El Boleo Project

    Baja Mining Corp. (the “Company” or “Baja”) is pleased to announce a new development partner and financing arrangements for the construction of its El Boleo Project (the “Project”). [ PDF ]

  • April 07, 2008 : Baja Mining Provides Clarification

    In regards to recent comments published by news media agencies, Baja Mining Corp. (the “Company”) clarifies that it is in confidential discussions with a number of industry partners in regard to the funding of the El Boleo Project, Santa Rosalia, Baja California Sur, Mexico. Other than the transactions that have already been announced by the Company to date, no further financial agreements have been entered into at this time. [ PDF ]

  • March 24, 2008 : Baja Mining Files Annual Statements; Provides Project Update

    Baja Mining Corp. (the “Company”) announces that it has filed its Annual Audited Consolidated Financial Statements for the year ended December 31, 2007 and the related Management Discussion and Analysis. The Company has also filed its 2007 Annual Information Form. [ PDF ]

  • January 14, 2008 : Baja Mining Orders Long Lead Items

    Baja Mining Corp. (the “Company”) is pleased to announce that it has placed orders for the Construction Camp and several critical path items, with long delivery times, in order to keep the overall schedule on track for start-up of the Boleo copper-cobalt project at Santa Rosalia, Mexico. [ PDF ]

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