| Fri 15 Jan 2010, 8:00 | | MTX - Metorex Limited - Ruashi Quarterly Operational Update |
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MTX
MEMTX
MTX - Metorex Limited - Ruashi Quarterly Operational Update
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex")
Ruashi Quarterly Operational update
Metorex, a focused base metals mining group, listed on the JSE Limited, wishes
to inform shareholders and update the market on Ruashi Mining SPRL`s performance
during December 2009.
Chief Executive Officer Terence Goodlace said; "The Ruashi mine produced 2,515
tons of copper and 280 tons of cobalt for the month of December 2009 despite
seasonal heavy rainfalls. The quarterly production profile continued its
positive trend, with quarterly copper production increasing by 32.13 per cent to
7,518 tons and cobalt by 21.92 per cent to 812 tons."
Table 1 - Salient Production Features at Ruashi
Units June September October
2009 quarter 2009 quarter 2009 month
Waste Mined Tons 1,369,295 1,690,647 828,688
Ore Mined Tons 247,344 430,720 169,171
Processed Tons 229,820 303,786 107,247
Processed % Cu 2.69% 2.76% 2.87%
Processed % Co 0.49% 0.57% 0.45%
Copper Tons 5,245 5,690 2,512
Produced
Cobalt Tons 568 666 274
Produced
November 2009 December December
month 2009 2009
Month quarter
Waste Mined 532,884 446,816 1,808,388
Ore Mined 76,156 71,466 316,793
Processed 112,093 108,738 328,078
Processed 2.67% 2.88% 2.81%
Processed 0.46% 0.46% 0.45%
Copper Produced 2,491 2,515 7,518
Cobalt Produced 258 280 812
Johannesburg
15 January 2010
For further enquiries please contact:
Metorex CEO, Terence Goodlace Tel: 011 880 3155
CFO, Maritz Smith
College Hill Jacques de Bie/Hayley Crane Tel: 011 447 3030
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 15/01/2010 08:00:04 Produced by the JSE SENS Department.
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