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MTX - Metorex Limited - Production update - six months ended 31 December 2010 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 31 DECEMBER 2010 _____________________________________________________________________________ Production highlights - 6 months ended December 2010: - Copper production increased by 5 percent to 26 358 tons - Cobalt production increased by 26 percent to 2 021 tons Terence Goodlace, Chief Executive Officer said: "It is pleasing to report that Metorex increased copper and cobalt production for the six months ended December 2010. This increase was despite the previously reported transformer challenges at Ruashi during the December 2010 quarter which adversely affected copper and cobalt production. The current market for copper remains positive and prices remain buoyant." Group production statistics Commodity Unit Six months ended Six months ended June 2010 December Change 2010 (%)
Copper - Ruashi (t) 14 323 15 467 +8 Copper - Chibuluma (t) 8 721 9 008 +3 Copper - Sable (t) 2 167 1 883 -13 Copper - total (t) 25 211 26 358 +5 Cobalt - Ruashi (t) 1 572 2 008 +28 Cobalt - Sable (t) 29 13 -55 Cobalt - total (t) 1 601 2 021 +26 The Information contained in this announcement has not been reviewed or reported on by Metorex`s auditors. The detailed report for the six months ended 31 December 2010 will be released to the market on or about 1 March 2011. Johannesburg 19 January 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 Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 19/01/2011 11:45:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
