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MTX
MEMTX
MTX - Metorex Limited - Operational update - Quarter ended September 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 Company" or "the Group")
OPERATIONAL UPDATE - QUARTER ENDED SEPTEMBER 2011
September quarterly production highlights:
* Copper production up by 15% to 15,202 tons
* Cobalt production up by 11% to 942 tons
Terence Goodlace, Chief Executive Officer said: "It is pleasing to report record
quarterly copper production at Metorex and at Ruashi in particular where,
despite power restraints, the mine produced 9 438 tons of copper and 913 tons of
cobalt. The closing of the Jinchuan transaction is proceeding on plan and in
line with the timetable as set out in the Circular sent to shareholders on 2
August 2011."
Group production statistics - Quarter ended 30 September 2011
Commodity Unit Quarter ended Quarter ended
September June Change (%)
2011 2011
Copper - Ruashi (t) 9 438 8 295 +14%
Copper - (t) 4 281 4 421 -3%
Chibuluma
Copper - Sable (t) 1 483 502 +195%
Copper - total (t) 15 202 13 218 +15%
Cobalt - Ruashi (t) 913 849 8%
Cobalt - Sable (t) 29 0 +ve
Cobalt - total (t) 942 849 +11%
The information contained in this announcement has not been reviewed or reported
on by Metorex`s auditors.
Johannesburg
3 October 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: 03/10/2011 16:52:02 Produced by the JSE SENS Department.
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