One very frustrating thing about slot loading optical drives like the Mac Mini and the iMac have is figuring out how to eject a Bootable CD Like the Mac OSX install disc. One Way to eject the CD before it mounts, is to hold down the mouse button as you boot the computer.
Related: How do I create a bootable install disc from my OS X DVD?, Can You Eject Multiple Drives At Once?, Removed Windows 7 but Mac Mini still tries to boot to it, Firmware Passwords for Mac, Restart, Sleep and Shut Down Shortcuts.
