Baja Mining Corp (BAJFF) 0.0219 $BAJFF
Class Action Certified and Leave to Proceed Granted in Securities Class Action Against Baja Mining Corp.
CNW Group - Tue Mar 31, 6:00AM CDT
Harrison Pensa LLP commenced an action under the Class Proceedings Act, 1992 against Baja Mining Corp., certain of its former directors and officers and the company's auditor, PricewaterhouseCoopers LLP. The action alleges that during the class period, the defendants made misrepresentations and/or failed to make timely disclosure of significant cost overruns and project delays related to Baja's Boleo Project located in Baja California Sur, Mexico.
Boleo Announces First Copper Production and Additional Funding
Marketwired - Tue Jan 20, 8:04AM CST
Baja Mining Corp. (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 prior problems relating to the acid plant have been resolved and the Boleo plant achieved first copper production on January 17, 2015.
BAJ.VN: 0.030 (unch)
Baja Mining Corp.: US$105 Million Bond to Fund Boleo Start-up Operations and Update on Boleo Commissioning
Marketwired - Fri Nov 28, 8:30AM CST
Baja Mining Corp. (the "Company" (TSX VENTURE: BAJ) (OTC: 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 completed the issuance of a CHF100 million corporate bond with a fixed annual interest rate of 0.75% and repayment due November 12, 2019, fully backed by a KORES guarantee, which was swapped for a US$105 million bond with a fixed annual interest rate of 2.69%. MMB has further advised the Company that it has used approximately US$50 million of the bond proceeds to repay in full the US$50 million corporate bank loan bearing interest at LIBOR plus 0.8%, as detailed in the Company's news release on August 25, 2014.
BAJ.VN: 0.030 (unch)
Baja Management Provides Boleo Update
Marketwired - Tue Nov 04, 12:13PM CST
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTC: BAJFF) is pleased to report that management had the opportunity to visit the Boleo Project on October 30 and 31, 2014. Management together with personnel of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" made a detailed tour of the surface and underground mining, the process plant and support facilities. Mining activities have resulted in stockpiled ore sufficient to feed the plant for more than one year. Plant commissioning of the main copper circuits is nearing completion with almost all circuits now operational. Ore is being fed through all components of the ore preparation circuit, including the primary crusher, stacker, reclaim system, scrubber and ball mill. The counter current decantation and solvent extraction circuits have also been commissioned for production. MMB management informed Baja that presently there are no foreseen obstacles standing in the way of reaching production. The current schedule provided by MMB management calls for the electrowinning plant commissioning to be completed shortly with production to start by the middle of November. Construction of the cobalt-zinc circuit is advancing and is expected to be completed before the end of the year.
BAJ.VN: 0.030 (unch)
Appointment of New COO at Boleo Project and First Copper Production Update
Marketwired - Thu Oct 09, 4:00PM CDT
Baja Mining Corp. (TSX VENTURE: BAJ) (OTCQX: BAJFF) ("Baja" is pleased to announce that Minera y Metalúrgica del Boleo S.A. de C.V. ("MMB" has appointed Sang Bum Lee as Chief Operating Officer following the death of Kyoung Jin Park. Mr. Lee will be responsible for directing the Boleo construction completion activities, including commissioning and start-up, and managing the operation of the Boleo Project.
BAJ.VN: 0.030 (unch)
Results of Baja Annual and Special General Meeting and Stock Option Grant
Marketwire - Tue Sep 23, 12:28PM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTCQB: BAJFF) today announced that at the annual and special general meeting of shareholders held in Vancouver on September 22, 2014, all management's proposed resolutions were passed by the shareholders. In addition, shareholders voted to re-elect Tom Ogryzlo, Wolf Seidler, Ross Glanville and Peter Clausi to the board. Mr. Seidler, Mr. Glanville (Chair) and Mr. Clausi form the Audit Committee.
BAJ.VN: 0.030 (unch)
Baja Provides an Update on the Boleo Project
Marketwire - Thu Sep 18, 2:41PM CDT
Baja Mining Corp. ("Baja" or the "Company" (TSX VENTURE: BAJ) (OTCQB: BAJFF) wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB" and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed.
BAJ.VN: 0.030 (unch)
Baja Mining Grants Stock Options
Marketwire - Thu Aug 28, 3:35PM CDT
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 exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company's Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange.
BAJ.VN: 0.030 (unch)
MMB Secures US$50 Million Bank Loan to Progress With First Copper Production in Q4 2014
Marketwire - Mon Aug 25, 6:10PM CDT
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 corporate loan, repayable in one year and bearing interest at LIBOR plus 0.8% (the "Bank Loan". As referenced in the Company's news release on August 15, 2014, MMB is working to secure additional external financing of up to US$200 million, including the Bank Loan, for completion of the Boleo construction and working capital until production reaches a normalized level.
BAJ.VN: 0.030 (unch)
KORES Provides US$20 Million Bridge Loan to MMB to Continue Boleo Construction; First Copper Production Expected During Q4 2014
Marketwire - Fri Aug 15, 7:10AM CDT
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 construction of the Boleo Project (the "Bridge Loan". The Bridge Loan is intended to provide interim funding to MMB while the company works to secure additional external financing of up to US$200 million required for completion of construction and working capital until production reaches a normalized level. The Bridge Loan is repayable within six months and bears interest at a rate of 10% per annum.
BAJ.VN: 0.030 (unch)
Class Action Certified and Leave to Proceed Granted in Securities Class Action Against Baja Mining Corp.
CNW Group - Tue Mar 31, 6:00AM CDT
Harrison Pensa LLP commenced an action under the Class Proceedings Act, 1992 against Baja Mining Corp., certain of its former directors and officers and the company's auditor, PricewaterhouseCoopers LLP. The action alleges that during the class period, the defendants made misrepresentations and/or failed to make timely disclosure of significant cost overruns and project delays related to Baja's Boleo Project located in Baja California Sur, Mexico.
Boleo Announces First Copper Production and Additional Funding
Marketwired - Tue Jan 20, 8:04AM CST
Baja Mining Corp. (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 prior problems relating to the acid plant have been resolved and the Boleo plant achieved first copper production on January 17, 2015. BAJ.VN: 0.030 (unch)
Baja Mining Corp.: US$105 Million Bond to Fund Boleo Start-up Operations and Update on Boleo Commissioning
Marketwired - Fri Nov 28, 8:30AM CST
Baja Mining Corp. (the "Company"
(TSX VENTURE: BAJ) (OTC: 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 completed the issuance of a CHF100 million corporate bond with a fixed annual interest rate of 0.75% and repayment due November 12, 2019, fully backed by a KORES guarantee, which was swapped for a US$105 million bond with a fixed annual interest rate of 2.69%. MMB has further advised the Company that it has used approximately US$50 million of the bond proceeds to repay in full the US$50 million corporate bank loan bearing interest at LIBOR plus 0.8%, as detailed in the Company's news release on August 25, 2014. BAJ.VN: 0.030 (unch)
Baja Management Provides Boleo Update
Marketwired - Tue Nov 04, 12:13PM CST
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTC: BAJFF) is pleased to report that management had the opportunity to visit the Boleo Project on October 30 and 31, 2014. Management together with personnel of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB" made a detailed tour of the surface and underground mining, the process plant and support facilities. Mining activities have resulted in stockpiled ore sufficient to feed the plant for more than one year. Plant commissioning of the main copper circuits is nearing completion with almost all circuits now operational. Ore is being fed through all components of the ore preparation circuit, including the primary crusher, stacker, reclaim system, scrubber and ball mill. The counter current decantation and solvent extraction circuits have also been commissioned for production. MMB management informed Baja that presently there are no foreseen obstacles standing in the way of reaching production. The current schedule provided by MMB management calls for the electrowinning plant commissioning to be completed shortly with production to start by the middle of November. Construction of the cobalt-zinc circuit is advancing and is expected to be completed before the end of the year. BAJ.VN: 0.030 (unch)
Appointment of New COO at Boleo Project and First Copper Production Update
Marketwired - Thu Oct 09, 4:00PM CDT
Baja Mining Corp. (TSX VENTURE: BAJ) (OTCQX: BAJFF) ("Baja"
is pleased to announce that Minera y Metalúrgica del Boleo S.A. de C.V. ("MMB" has appointed Sang Bum Lee as Chief Operating Officer following the death of Kyoung Jin Park. Mr. Lee will be responsible for directing the Boleo construction completion activities, including commissioning and start-up, and managing the operation of the Boleo Project. BAJ.VN: 0.030 (unch)
Results of Baja Annual and Special General Meeting and Stock Option Grant
Marketwire - Tue Sep 23, 12:28PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) today announced that at the annual and special general meeting of shareholders held in Vancouver on September 22, 2014, all management's proposed resolutions were passed by the shareholders. In addition, shareholders voted to re-elect Tom Ogryzlo, Wolf Seidler, Ross Glanville and Peter Clausi to the board. Mr. Seidler, Mr. Glanville (Chair) and Mr. Clausi form the Audit Committee. BAJ.VN: 0.030 (unch)
Baja Provides an Update on the Boleo Project
Marketwire - Thu Sep 18, 2:41PM CDT
Baja Mining Corp. ("Baja" or the "Company"
(TSX VENTURE: BAJ) (OTCQB: BAJFF) wishes to provide an update regarding the Boleo Project, in which it holds a 10% interest, and the impact of Hurricane Odile that hit the Baja Peninsula earlier in the week. Baja understands that although the hurricane was downgraded to a tropical storm in the region of Santa Rosalia, heavy rains and high winds in the area knocked out electricity and communications. Baja has been informed by Minera y Metalúrgica del Boleo S.A. P.I. de CV. ("MMB" and Korea Resources Corporation that there has been no notable damage to the project site and communications have been restored at the site but that the activity at the Boleo Project remains halted while the site is inspected and until clean-up is completed. BAJ.VN: 0.030 (unch)
Baja Mining Grants Stock Options
Marketwire - Thu Aug 28, 3:35PM CDT
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 exercise price of $0.05 per Option. The Options have a term of five years and vest immediately. The Options were conditionally approved by the Board of Directors in March 2013, to compensate directors, officers and employees at that time for past and future performance and commitment to the Company during its restructuring. Due to an extended blackout period imposed by the Company dating back to Q2 2012, it was not possible for these options to be granted at that time. The Board of Directors has now approved the granting of the Options in accordance with the Company's Incentive Stock Option Plan last approved by shareholders on June 25, 2013. Any shares issued on the exercise of the Options to directors and officers of the Company are subject to a hold period concluding on December 29, 2014. The grant of the Options is subject to the final approval of the TSX Venture Exchange. BAJ.VN: 0.030 (unch)
MMB Secures US$50 Million Bank Loan to Progress With First Copper Production in Q4 2014
Marketwire - Mon Aug 25, 6:10PM CDT
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 corporate loan, repayable in one year and bearing interest at LIBOR plus 0.8% (the "Bank Loan". As referenced in the Company's news release on August 15, 2014, MMB is working to secure additional external financing of up to US$200 million, including the Bank Loan, for completion of the Boleo construction and working capital until production reaches a normalized level. BAJ.VN: 0.030 (unch)
KORES Provides US$20 Million Bridge Loan to MMB to Continue Boleo Construction; First Copper Production Expected During Q4 2014
Marketwire - Fri Aug 15, 7:10AM CDT
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 construction of the Boleo Project (the "Bridge Loan". The Bridge Loan is intended to provide interim funding to MMB while the company works to secure additional external financing of up to US$200 million required for completion of construction and working capital until production reaches a normalized level. The Bridge Loan is repayable within six months and bears interest at a rate of 10% per annum. BAJ.VN: 0.030 (unch)
