VANCOUVER, BC--(Marketwired - August 28, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that the Company has today granted an aggregate of 2,725,000 incentive stock options to the Company's directors, officers and employees (the "Options"), each exercisable for one common share of the Company at an [...]
VANCOUVER, BC--(Marketwired - August 25, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") and Korea Resources Corporation ("KORES") that MMB has secured additional bank financing of US$50 million in the form of a [...]
VANCOUVER, BC--(Marketwired - August 15, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") and Korea Resources Corporation ("KORES") that KORES has provided a US$20 million bridge loan to MMB to fund the continuing [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 23, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE:BAJ)(OTCQB:BAJFF) is pleased to announce that further to its news release of May 13, 2014, Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") and Korea Resources Corporation ("KORES") have provided it with documentation confirming the termination of the 2010 Project Financing senior facilities, including the termination and/or release of all related Baja guarantees (US$160.6 million as at March 31, 2013, plus any overall completion guarantee), security interests and pledges. Accordingly, Baja is no longer liable as a guarantor of any amounts borrowed by MMB, nor is it liable in respect of any overall economic completion guarantee related to proje... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2014) - Baja Mining Corp. ("Baja") (TSX VENTURE:BAJ)(OTCQB:BAJFF) reports that it has filed its unaudited condensed interim consolidated financial statements for the quarter ended March 31, 2014 ("Interim Financial Statements"), and the related management's discussion and analysis ("MD&a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE:BAJ)(OTCQB:BAJFF) is pleased to announce that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") and Korea Resources Corporation ("KORES") that MMB has completed the issuance of a US$340 million corporate bond with a fixed annual interest rate of 2.875% and repayment due May 7, 2019, fully backed by a KORES guarantee. MMB has further advised the Company that it has used approximately US$288 million of the bond proceeds to repay in full and close the remaining 2010 Project Financing senior facilities, as well as the Korean Development Bank subordinated debt. The Company expects the remaining proceeds of the bond to be used t... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2014) - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE:BAJ) (OTCQB:BAJFF) wishes to provide an update on the Boleo Project construction budget and schedule and the updated Boleo Project technical report, based on the latest information provided to it by Minera y Metalúrgica del Boleo, S.A.P.I. de C.V. ("MMB"). Boleo Project Construction Cost and Schedule Update MMB has reported to Baja that it has completed its most recent capital cost and operating budget and schedule reviews for the Boleo Project, and has advised the Company of the following: The Board of MMB has conditionally approved an aggregate construction capital cost and operating budget to the e... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 29, 2014) - Baja Mining Corp. (the "Company" or "Baja") (TSX VENTURE:BAJ)(OTCQB:BAJFF) provides a further update to its announcement on April 9, 2014 notifying of the hearing that was held on April 8, 2014 in the Ontario Superior Court of Justice in connection with the proposed class action proceeding [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 9, 2014) - Baja Mining Corp. (the "Company" or "Baja") (TSX VENTURE:BAJ)(OTCQB:BAJFF) provides an update on the proposed class action proceeding previously reported on July 27, 2012. A hearing was held on April 8, 2014 in the Ontario Superior Court of Justice with respect to certification of the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 2, 2014) - Baja Mining Corp. (the "Company" or "Baja") (TSX VENTURE:BAJ)(OTCQB:BAJFF) announces that it is joining Korea Resources Corporation ("KORES") and the other members of the Korean Consortium in converting all of the outstanding shareholder loans of Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB") into equity of MMB (the "Conversion"). The Conversion is intended to assist MMB in obtaining further financing for the Boleo Project and in its efforts to restructure its existing project financing. Baja and KORES have also agreed in principle on certain terms to be included in a new MMB shareholders agreement (the "New Shareholders Agreement") proposed to replace the current MMB shareholders agreement (the "2010... [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2014) - Baja Mining Corp. ("Baja") (TSX VENTURE:BAJ)(OTCQX:BAJFF) reports that its consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013, as well as its Annual Information Form for the year ended December 31, 2013 have been filed. Baja's [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2014) - Baja Mining Corp. (the "Company" or "Baja") (TSX:BAJ)(OTCQB:BAJFF) is pleased to announce that its common shares (the "Shares") have been approved for listing on the TSX Venture Exchange. The Shares will be delisted from the Toronto Stock Exchange at the close of business on Friday, March [...]
