Mr. Tom Ogryzlo reports
BAJA MINING ANNOUNCES FURTHER FUNDING FOR BOLEO PROJECT
The Korean consortium has advanced additional $13.3-million (U.S.) to Baja Mining Corp.'s Minera y Metalurgica del Boleo SA de CV for the construction of the Boleo project.
"The $20-million (U.S.) cash injection over the last few weeks is an encouraging signal for the development of the Boleo project," said Tom Ogryzlo, interim chief executive officer of Baja. "Thanks to this recent funding, construction is progressing at site while negotiations with the lenders and the Korean consortium for stage II funding are advancing."
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