1177 WEST HASTINGS STREET, SUITE 2350
VANCOUVER
British Columbia
Canada,
V6E 2K3
Phone: +1 604 685 2323
Fax: +1 604 629 5228
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DEVELOPING BOLEO, MEXICO'S LARGEST COPPER/COBALT DEPOSIT
Baja Mining Corp. (“Baja”) owns a 100% interest in
El Boleo
Project, an advanced polymetallic (copper, cobalt, zinc, manganese) property located in Baja California Sur, Mexico. Baja has assembled an exceptional management team who are developing Mexico’s largest copper-cobalt deposit.
HIGHLIGHTS:
- Definitive Feasibility Study completed
- Approval received for Environmental Impact Manifest
- Average annual production, for the first four years of production:
- Copper cathode: 55,750 tonnes
- Cobalt cathode: 1,535 tonnes
- Zinc contained metal: 6,300 tonnes
- Proven and probable reserves provide for 25 year mine life
- Measured and Indicated resources: 277.2 million tonnes grading 1.77% copper equivalent
- Inferred resources: 253.2 million tonnes grading 1.29% copper equivalent
- Management ownership: approximately 24%
- US$665 million first mortgage debt facility jointly mandated with the Export Import Bank of Korea (K-EXIM) and Bayerische Hypo-und Vereinsbank AG, a member of UniCredit Group.
- US$ 64 million equipment lease secured
- Minority partnership agreement signed with a Consortium of Korean companies for US$294 million (cash and project funding)
- The Consortium members include:
- Korea Resource Corporation
- LS Nikko Copper Inc.
- Hyundai Hysco Co. Ltd.
- SK Networks Co. Ltd.
- Iljin Copper Foil Co. Ltd.
- Re-commencement of full construction activities and production start-up date currently under review
For more information go to:
www.bajamining.com
Company NewsTuesday, June 16, 2009 Baja Mining announced that a key milestone has been achieved towards manganese metal production at its Boleo project in Baja, Mexico. Staff at the University of British Columbia’s Hydrometallurgy Research Laboratory have successfully demonstrated that manganese metal can be manufactured from Boleo manganese carbonate using conventional hydrometallurgical processing steps. News ReleasesWednesday, October 28, 2009 Friday, September 11, 2009 Map Legend: Producer Past Producer  Development  Exploration |
