MTX - Metorex Limited - Metorex Carbon Footprint Report

MTX - Metorex Limited - Metorex Carbon Footprint Report                         
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")                                     
METOREX CARBON FOOTPRINT REPORT                                                 
Metorex commissioned a Corporate Carbon Footprint ("CCF") analysis to           
establish a baseline of energy usage and greenhouse gas emissions.  The         
Group CCF, which was compiled according to greenhouse gas protocol guidance,    
showed total greenhouse gas ("GHG") emissions of 39 627 tons of CO2-            
equivalent for 2010.  The highest contributing site is Ruashi in the            
Democratic Republic of Congo ("DRC"), and the highest contributing energy       
source is that of the consumption of diesel fuel on mining sites.  The use      
of hydro-power electricity from the DRC and Zambian power grids provides a      
relatively clean source of electricity.  In line with global reporting          
standards, scope 1 emissions (direct on-site emissions) contribute 65           
percent towards the total emissions, scope 2 emissions (indirect emissions      
from electricity consumption) contribute 3 percent, and scope 3 (other          
emissions from material transport and business travel) contribute 32            
percent.  The full report is now available on the Metorex website at            
www.metorexgroup.com.                                                           
Terence Goodlace, CEO, said: "The release of the Metorex Carbon Footprint       
Analysis Report provides the baseline from which the Group will monitor         
emissions and develop improvement plans with a firm basis for developing        
action plans to reduce carbon emissions."                                       
Johannesburg                                                                    
9 May 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: 09/05/2011 14:17:41 Supplied by www.sharenet.co.za                     
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