Beleaguered Vancouver miner Baja Mining Corp. (TSX:BAJ) (OTCQB:BAJFF) has appointed a new CFO, the company announced Friday.
Nigel Kirkwood has joined the company after working as CFO and director for several mining exploration companies listed on the TSX-V.
"He brings significant finance experience to our executive team," said Tom Ogryzlo, Baja's interim CEO.
Kirkwood's expertise will be valued at a company that is facing a $500 million overrun on its half-finished $1.7 billion copper-cobalt-zinc-manganese mine near Santa Rosalia in Mexico.
The Minera y Metalúrgica del Boleo mine – initially set to cost $1.15 billion – was facing closure but is being rescued by a consortium of Korean lenders, which is now in control of the project (see this week's issue of Business in Vancouver).
The appointment is the latest twist in the Baja Mining tale, which laid off 40% of its Vancouver staff in June and was further troubled in November by a death at the Boleo site.
Kirkwood, a chartered accountant, has over 20 years of experience in accounting, mergers and acquisitions and corporate finance advisory services, including 16 years in London, U.K., as director of mergers and acquisitions at investment bank Citigroup.
