Korean Consortium adds $115 million

Developing the El Boleo mine - 2010

Baja Mining Corp. is a Canadian mining company. Baja, through Minera y Metalurgica del Boleo S.A.P.I. de C.V. (MMB), owns a 10% interest in the Boleo copper-cobalt-zinc-manganese project located in Baja California Sur, Mexico.

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koala

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Korean Consortium adds $115 million

posted on Jan 25, 2013 04:39PM

Baja Mining Provides Boleo Project Financing Update

http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0849039001&sourceType=1http://media3.marketwire.com/logos/20120301-baja-logo.jpg

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/13 -- Baja Mining Corp. (TSX:BAJ)(OTCQB:BAJFF) ("Baja") has been informed by Minera y Metalurgica del Boleo, S.A.P.I. de C.V. ("MMB") that, as of January 15, 2013, Kores has advanced an additional US$115 million to MMB for continued construction of the Boleo project.

In addition, MMB has advised Baja that the third standstill agreement which expired on January 15, 2013 has been extended. Baja has not yet been informed by MMB of the specifics of the latest standstill extension, and will provide further more information as it becomes available.

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