Vancouver, October 9, 2014 – Baja Mining Corp. (TSXV:BAJ – OTCQX: BAJFF) (“Baja”) is pleased to announce that Minera y Metalúrgica del Boleo S.A. de C.V. (“MMB”) has appointed Sang Bum Lee as Chief Operating Officer following the death of Kyoung Jin Park. Mr. Lee will be responsible for directing the Boleo construction completion activities, including commissioning and start-up, and managing the operation of the Boleo Project.
Mr. Lee has had a long and successful career in the non-ferrous metals (zinc, lead and precious metals) industry gained in Korea, Australia, Europe and the United States in various positions ranging from technical process engineering, plant construction, production management, and commercial and global business management. He worked for 30 years within the Korea Zinc Ltd. organization, a leading global supplier of zinc metal products and one of the biggest non-ferrous metals producers in the world, where he retired as Managing Director and CEO of Sun Metals Corporation Pty Ltd, a wholly-owned subsidiary and major multi-million dollar zinc investment in Australia. Following his retirement from Korea Zinc, Mr. Lee acted as a technical and commercial adviser to Korean and Australian engineering and metal production companies. Most recently and until August 2014, Mr. Lee was the President of Sangdong Mining Corp, which is developing the Sangdong tungsten/molybdenum project in South Korea that hosts one of the largest tungsten resources in the world, and was the leading global tungsten producer for more than 40 years prior to closure in 1992.
Tom Ogryzlo, Interim CEO of Baja commented, “We are pleased that MMB has been able to quickly fill the critical role of Chief Operating Officer with such a qualified manager as Mr. Lee. Under the difficult circumstances of replacing Mr. Kyoung Jin Park at this stage of the project, Mr. Lee’s experience and leadership will be invaluable. I welcome Mr. Lee to the Boleo Project and wish him success with the start-up of production.”
In addition, Baja is pleased to report that it has been confirmed by MMB, as previously indicated by
MMB, that damage to the Boleo site caused by Hurricane Odile was minimal. As a result, MMB has
further advised Baja that it currently expects to produce first copper by the end of October 2014.
For further information please contact Tom Ogryzlo at 604-685-2323 or via email [email protected].
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CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the Company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking statements. Additional risks and uncertainties can be found in the Company’s reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form.
Forward-looking statements are given only as at the date of this press release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
