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MTX
MEMTX
MTX - Metorex Limited - Copper Cathode Production Commences At Ruashi II
News Release
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
News Release
14 April 2008
COPPER CATHODE PRODUCTION COMMENCES AT RUASHI Issued by Metorex
II Limited
Metorex Limited ("Metorex") is pleased to
announce that the Ruashi II 14 April 2008
hydrometallurgical plant that has been built
in the DRC has commenced producing copper
cathode. First plating of copper cathode
commenced on 31 March 2008. The build-up in For further
copper production levels to the annual plant information
name plate capacity of 45000 tons of copper contact:
cathode and 3500 tons of contained cobalt is
expected to take place on a phased basis over Charles Needham
a period of approximately 10 months from Chief Executive
1 April 2008. Officer
During the build-up phase, the Solvent Tel: +27 11 880
Extraction and Cobalt precipitation modules 3155
will be commissioned and the 500 tpd acid Fax: +27 11 880
plant is scheduled for commissioning towards 3322
the end of calendar 2008.
The electrical power required to achieve full
production will be provided through an
upgraded powerline from the Karavia Sub-
station. Work has commenced on this
installation, which should be complete during
the third quarter of calendar 2008. The
present power supply from the ZIL sub-station JSE; LSE, ADR-BoNY
to Ruashi Mine enables continuing operations
of the Phase I plant and 50% of the required
capacity for the Phase II plant at full
production levels.
The Phase I and Phase II plants are largely Registered office:
being fed from ore produced from the openpit Cradock Heights
mining operation which has resulted in 21 Cradock Avenue
significantly improved metallurgical Rosebank
recoveries. Johannesburg
South Africa.
The decision to accelerate the construction
of the Ruashi II plant was correct given the
current commodity prices and the speed with
which this construction has taken place is a
remarkable achievement by the Metorex and
Ruashi Mine management and the consultants
and contractors.
Metorex Limited
Johannesburg
South Africa
ENDS
Date: 14/04/2008 13:44:01 Produced by the JSE SENS Department.
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