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MTX
MEMTX
MTX - Metorex Limited - Production update - six months ended 30 June 2011
Metorex Limited
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex")
PRODUCTION UPDATE - SIX MONTHS ENDED 30 JUNE 2011
Group production statistics
Commodity Unit Six months ended Six months
December ended June Change (%)
2010 2011
Copper - (t) 15 467 16 548 +7
Ruashi
Copper - (t) 9 008 8 783 -2
Chibuluma
Copper - Sable (t) 1 883 1 231 -35
Copper - total (t) 26 358 26 562 +1
Cobalt - (t) 2 008 1 886 -6
Ruashi
Cobalt - Sable (t) 13 4 -69
Cobalt - total (t) 2 021 1 890 -6
Ruashi copper production for the six months was in line with plan other
than for grid power interruptions in the DRC during May and June 2011.
Chibuluma continued to perform well and for the six months copper
production was marginally lower than that reported in December 2010.
Sable copper and cobalt production reduced due to a lack of third party
ore supply. This has now largely been restored. Cobalt production at
Ruashi was ahead of planning expectations and results for the six months
reflected lower feed grades to the SX/EW plant.
The information contained in this announcement has not been reviewed or
reported on by Metorex`s auditors.
Johannesburg
20 July 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: 20/07/2011 10:30:02 Produced by the JSE SENS Department.
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