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MTX - Metorex Limited - Operational Update - quarter ended March 2011

Release Date: 05/04/2011 07:30
Code(s): MTX
Wrap Text

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 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.

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