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MTX
MEMTX
MTX - Metorex Limited - Operational Update - quarter ended March 2011
Metorex Limited
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or "the Group")
OPERATIONAL UPDATE - QUARTER ENDED MARCH 2011
March quarterly production highlights:
- Copper production up by 8% to 13,344 tons
- Cobalt production up by 10% to 1,041 tons
- Ruashi copper and cobalt production increases by 20% and 10% respectively
Terence Goodlace, Chief Executive Officer said: "It is pleasing for Metorex to
report an 8 percent improvement in copper production and 10 percent
improvement in cobalt production for the March 2011 quarter. This is despite
seasonally high rainfall and the installation of a new modified transformer at
Ruashi during March 2011 which affected production for three days. Chibuluma
continues to perform at planned levels of production. Sable throughput
continues to be affected by a lack of third party ores."
Group production statistics - Quarter ended 31 March 2011
Commodity Unit Quarter ended Quarter ended Quarterly
December 2010 March 2011 Change
Copper - Ruashi (t) 6 886 8 253 +20%
Copper - Chibuluma (t) 4 691 4 363 -7%
Copper - Sable (t) 814 728 -11%
Copper - total (t) 12 391 13 344 +8%
Cobalt - Ruashi (t) 941 1 037 +10%
Cobalt - Sable (t) 6 4 -33%
Cobalt - total (t) 947 1 041 +10%
The information contained in this announcement has not been reviewed or
reported on by Metorex`s auditors.
Johannesburg
5 April 2011
For further enquiries please contact:
Metorex CEO, Terence Goodlace Tel: 011 215 4000
CFO, Maritz Smith
College Hill Jacques de Bie Tel: 011 447 3030
Sponsor
One Capital
Date: 05/04/2011 07:30:01 Produced by the JSE SENS Department.
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