(via company email alert)
Vancouver, B.C., November 28, 2011 - Baja Mining Corp. (“Baja” or the “Company”) (TSX: BAJ - OTCQX: BAJFF) announced today that a conference call will be held on Wednesday, November 30, 2011 at 8:00am PST (11:00am EST) to provide an update on progress and milestones at its 70% owned Boleo copper-cobalt-zinc project (“Boleo”), located near Santa Rosalia, Baja California Sur, Mexico.
Conference Call Details
Date: Wednesday, November 30, 2011
Time: 8:00 am PST (11:00 am EST)
Dial in Toll free Canada & US: 1-800-319-4610 or outside of Canada & US: +1-604-638-5340
The conference call presentation will be made available on the Company’s website at 7:00 am PST (10:00 am EST) on Wednesday, November 30, 2011.
Presentation Link: http://www.bajamining.com/investors/media/2011
Replay: +1-604-638-9010
Replay Pass code: 2491
The conference call replay will be available until December 15, 2011.
Baja Mining (TSX:BAJ-OTCQX:BAJFF) is a mine development company with a 70% interest in the Boleo copper-cobalt-zinc-manganese Project located near Santa Rosalia, Baja California Sur, Mexico. Baja is the project operator and a Korean syndicate of industrial companies holds the remaining 30%. Boleo is funded, currently under construction and targeted for copper commissioning in 2012, and copper production in early 2013. Boleo has 265 Mt of measured and indicated resources (including 85 Mt of proven and probable reserves) and 165 Mt of inferred resources. A March 2010 updated technical report to the 2007 definitive feasibility study, confirmed that Boleo can be developed economically at an after-tax IRR of 25.6% (100% equity). The Project, which has a minimum scheduled mine life of 23 years (during which approximately 70 Mt of the noted proven and probable reserves will be exploited), has a NPV of US$ 1.3 billion (8% discount rate), and an average life-of-mine cash cost of negative US$ 0.29/lb for copper, net of by-product credits. Metal Prices are based on SEC pricing guidelines (which at the time of the 2010 report were $2.91/lb Cu, $26.85/lb Co and $1,175/tonne ZnSO4H2O). For more information, please visit http://www.bajamining.com.
On behalf of the Board of Directors of Baja Mining Corp.
"John W. Greenslade"
John W. Greenslade, President
For further information please contact Kendra Low, Vice President Administration & Corporate Secretary, at: 1-604-685-2323.
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