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     447  0 Kommentare Baja Corporate Update -- Boleo Project, Cinto Colorado, MMB Shareholders Agreement and Board Retirement

    VANCOUVER, BC--(Marketwired - July 11, 2016) - - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) reports that Tom Ogryzlo - Interim CEO and Director, and Nigel Kirkwood - CFO, visited the Boleo Mine on June 17, 2016, to attend a board meeting of Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. ("MMB") and tour the Boleo process plant, underground and open pit mining.

    At the MMB board meeting, MMB management provided an update on recent activities at Boleo and for the year to date through May 2016. Key highlights communicated to Baja were as follows:

    • The Boleo process plant is performing well and achieved 86% availability in March 2016 and over 81% copper recovery in May 2016. Average feed material grade processed was 1.04%;
    • Boleo produced 5,000 MT of copper cathode and shipped 6,309 MT;
    • The cobalt-zinc circuit is ramping up production. A design error in the zinc circuit was corrected in early April and cobalt production is being optimized with target levels exceeding budget. The plant has produced 35 MT of cobalt and 153 MT of zinc sulphate;
    • Plant and mining operations were severely disrupted for 15 days in late April and early May by a group of approximately 100 MMB union workers who created an illegal blockade at the main gate, demanding a change of union. These demands were provoked by a Federal Union and did not originate internally within MMB;
    • Plant throughput was also impacted by two weeks of unscheduled maintenance in January due to repairs to the leaching tank agitators. Additionally, in mid-June there was a one-week shut due to the rupture of the return water line to the ocean, which caused the acid plant to be shut down and restarted;
    • Cu production for the year is now forecast at 20,000 MT in line with the budget (21,806 MT) having been able to move forward a scheduled plant shut-down for maintenance later in the year, which was undertaken during the recent plant shut downs;
    • Underground test mining in good ground conditions reached a maximum daily rate of 1,000 tonnes per day ("tpd") but average production remains more in the order of 400tpd. Geological ground conditions remain more severe than ever anticipated and these conditions together with delays in the delivery of customized mining equipment are limiting underground production. The illegal blockade also resulted in the loss of a substantial portion of the experienced underground miners effectively stalling progress underground;
    • Surface mining is delivering an average grade of 1.14% and operating with a strip ratio approximating 10:1, with an average haul of 4 kilometers;
    • The mine plan for the current year has been revised to decrease underground production by 50% of budget and increase surface production by the shortfall to maintain a stable source of feed to the plant. To date surface and underground mining achieved production of 154,000 DMT at an average grade of 1.25%;
    • In the second half of the year, retreat mining and semi-shield mining operations underground are scheduled to resume, supported by the delivery of new equipment and the recruitment of experienced underground miners with daily production targeted to reach about 2,000 tpd. The addition of new trucks to the haul fleet in June and July will support increased surface production under the revised mine plan; and
    • Changes to the management structure at MMB were introduced to reflect the shift from the development to the operations stage, including the appointment of Mr. Sang Bum Lee to the position of CEO.

    As a minority shareholder of MMB holding a 10% interest in MMB, Baja is not the operator of the Boleo Project, and is dependent on MMB's management for information regarding MMB's operations and the status of the Boleo Project.

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    Baja Corporate Update -- Boleo Project, Cinto Colorado, MMB Shareholders Agreement and Board Retirement VANCOUVER, BC--(Marketwired - July 11, 2016) - - Baja Mining Corp. ("Baja" or the "Company") (TSX VENTURE: BAJ) (OTCQB: BAJFF) reports that Tom Ogryzlo - Interim CEO and Director, and Nigel Kirkwood - CFO, visited the Boleo Mine on June 17, 2016, …