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Volume 273.5K
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baja mining corp (BAJ) Snapshot

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01/28/14 - C$0.08
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baja mining corp (BAJ) Details

Baja Mining Corp., together with its subsidiaries, acquires, explores, and develops mineral properties in Mexico. Its principal asset includes the Boleo Project, a copper-cobalt-zinc-manganese deposit that consists of consists of approximately 12,000 hectares of mineral concessions and 7,000 hectares of surface occupancy rights located near the town of Santa Rosalía, Baja California Sur. The company is headquartered in Vancouver, Canada.

baja mining corp (BAJ) Top Compensated Officers

Chairman and Interim Chief Executive Officer
Total Annual Compensation: C$305.1K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$12.0K
Compensation as of Fiscal Year 2012.

baja mining corp (BAJ) Key Developments

Baja Mining Corp. Provides Update on Boleo Project

Baja Mining Corp. provided 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 end of 2014 of $1.878 billion, subject to MMB management undertaking to identify further operating efficiencies and/or revenue growth in the start-up phase; - Piping and electrical construction schedules remain under pressure due to ongoing work force shortages and corrections of design errors; - MMB is now targeting mechanical completion of the copper circuit by the beginning of May, but given scheduling pressures on the piping and electrical construction there remains continuing uncertainty regarding the schedule; - Plant commissioning is expected to extend two months from the date of mechanical completion of the copper circuit, with first ore (or hot commissioning) to be processed before the end of June 2014, and first copper production by mid-July 2014; and - The mechanical completion of the cobalt zinc circuits is now scheduled for the beginning of June 2014, with first production scheduled for the beginning of September 2014.

Baja Mining Provides Update on Class Action Litigation

Baja Mining Corp. provided 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 previously reported on July 27, 2012. On April 28, 2014 the Ontario Superior Court of Justice certified the action as a class proceeding under the Ontario Class Proceedings Act. The court dismissed all claims against Graham Thody, C. Thomas Ogryzlo, Wolf Seidler, François Marland, Giles Baynham, Gerald Prosalendis and Kendra Low. As against Baja and the remaining individual defendants, the court granted leave to the plaintiff to proceed only with respect to statutory claims and dismissed all other claims. The company intends to continue to vigorously defend the lawsuit. No assurances can be given with respect to the outcome of any proceedings.

Baja Mining Corp. Files Form 15

Baja Mining Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common shares under the Securities Exchange Act of 1934, as amended.


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