Baja Announces Boleo Debt Financing Progress

Baja Mining Corp. (TSX:BAJ)(OTCQX:BAJFF) reported working with a number of export credit agencies, banks and other financial institutions, including Export Development Canada, Korea Development Bank and Export-Import Bank of the United States, to arrange a project debt financing package for the construction of the Boleo Project.

The press release is quoted as saying:

Baja Mining is a Vancouver, Canada-based publicly traded mine development company (TSX:BAJ)(OTCQX:BAJFF) with a 70% interest in the Boleo copper-cobalt-zinc-manganese Project located near Santa Rosalia, Baja California Sur, Mexico, targeted for copper commissioning in 2012. A Korean syndicate of industrial companies holds the remaining 30%.

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