Baja Mining Corp.

Baja is pleased to announce that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V. (“MMB”) has completed a zero cost collar copper hedge program. This completed one of the main outstanding conditions precedent relating to MMB’s US$ 823 million debt financing. [ PDF ]

Baja is pleased to announce that, as a result of the Quarterly S&P/TSX index review, Standard & Poor's Canadian Index Operations added Baja to both the S&P/TSX Global Mining Index and the S&P/TSX Global Base Metals Index, effective Monday, December 20, 2010. [ PDF ]

Baja is pleased to announce that it received the "Exploration and Development Funding Award" at the annual Mines and Money Awards Dinner held in London, UK on December 1, 2010. [ PDF ]

Baja is pleased to announce that its Boleo Project is now fully funded for construction following Baja’s recently completed US$858 Million project financing and C$184 Million bought deal financing. [ PDF ]

Baja is pleased to announce that it has completed a cross border bought deal equity financing (the "Offering") for gross proceeds of C$184,057,500, inclusive of the over-allotment option granted to the underwriters. Pursuant to the Offering, Baja issued 167,325,000 common shares at a price of $1.10 per common share (see news release dated November 1, 2010). [ PDF ]

Baja today entered into an agreement with a syndicate of underwriters co-led by Raymond James Ltd. and Canaccord Genuity Corp. under which the Underwriters have agreed to purchase 145,500,000 common shares from the Company on a bought deal basis at a price of C$1.10 per Common Share for aggregate gross proceeds of approximately C$160,050,000. [ PDF ]

Baja is pleased to announce that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V., has finalized and signed US$858 million of financing facilities for the construction and development of the Boleo project located in Baja California Sur, Mexico. The financing facilities comprise US$823 million of project financing facilities and a US$35 million equity cost overrun support facility. [ PDF ]

Baja is pleased to announce that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V., has now received confirmation from the ECAs and the Commercial Lenders and from the Korea Development Bank that all necessary credit approvals have been obtained in relation to the project financing facilities for the development of the Boleo project in Mexico. Total credit approved Facilities now amount to US$823 million, the entire amount of debt financing required to develop the Project.  [ PDF ]

Baja announced today that it has completed its previously announced publicoffering of 21,875,000 common shares at a price of $0.80 per Share to raise gross proceeds of $17,500,000 pursuant to a supplement to Baja's base shelf prospectus dated April 19, 2010. The Offering was underwritten by a syndicate led by Cormark Securities Inc., and included CIBC World Markets Inc., Canaccord Genuity Corp. and Rodman and Renshaw LLC. [ PDF ]

Baja today announced it has executed an agreement with a syndicate of underwriters led by Cormark Securities Inc, and including CIBC World Markets and Canaccord Genuity Corp., and Rodman and Renshaw LLC, participating with respect to sales in the United States on an exempt basis, under which the Underwriters have agreed to purchase, on a bought deal basis, 21,875,000 common shares of Baja at a price of $0.80 per Share for gross proceeds of $17,500,000. [ PDF ]

Baja today announced that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V., has received all necessary credit approvals from the Export-Import Bank of the United States and Korea Development Bank to provide US$573 million in senior and subordinated project financing for the construction of the Boleo Project in Mexico. [ PDF ]

Baja today announced that it has entered into a binding Letter of Intent with Louis Dreyfus Commodities Metals Suisse SA, setting out three transactions which, when completed, are expected to satisfy important parts of the financing package for the Boleo Project.  [ PDF ]

Baja today announced that it is working with a number of export credit agencies, banks and other financial institutions, including Export Development Canada, Korea Development Bank and Export-Import Bank of the United States, to arrange a project debt financing package for the construction of the Boleo Project. [ PDF ]

Baja today announced that, further to its news release dated January 15, 2010, it has filed an updated NI 43-101 compliant technical report on the Boleo Project.  [ PDF ]

Baja today announced the filing of a preliminary short form base shelf prospectus and a corresponding shelf registration statement. These filings, when made final, will allow Baja to make offerings of any combination of common shares, debt securities, warrants to purchase common shares, share purchase contracts and subscription receipts up to Cdn$500 million at any time during the 25 month period that the Prospectus remains effective. [ PDF ]

Baja today announced that an updated capital cost estimate and economic model have confirmed that its 70%-owned Boleo deposit in Baja California Sur, Mexico, can be developed economically at an after-tax internal rate of return (IRR) of 25.6% based on 100% equity.  [ PDF ]