| | search  
   
Metorex Mining Ltd

News

  • Investor Relations
  • >
  • News

News  2010

 
       
 
01 December 2010
RUASHI MINE IN THE DRC RESUMES FULL PRODUCTION

On 15 November 2010 it was announced that following record production of copper in the September 2010 quarter when Ruashi produced 8,566 tons of copper and 1,057 tons of cobalt, production in the December 2010 quarter had been affected by recurring transformer electrical faults.

more >
   
       
 
24 November 2010
UPDATE ON THE PROPOSED RE-CAPITALISATION AND DISPOSAL BY METOREX OF THE CONSOLIDATED MURCHISON OPERATIONS (“CONS MURCH”), A DIVISION OF METOREX

Shareholders are referred to the SENS announcement dated 6 September 2010 (”the Announcement”) in which shareholders were informed that Metorex had entered into a sale of business agreement (“the Agreement”), with, inter alia, To The Point Growth Specialists (Proprietary) Limited ("TTP"),

more >
   
       
 
15 November 2010
RUASHI AND KINSENDA UPDATE

Following record production of copper in the September 2010 quarter when Ruashi produced 8,566 tons of copper and 1,057 tons of cobalt, production in the December 2010 quarter has been affected by recurring transformer electrical faults.

more >
   
 
5 October 2010
FURTHER ANNOUNCEMENT REGARDING THE INTERIM RESULTS AND FINANCIAL INFORMATION FOR THE 12 MONTH PERIOD ENDED 30 JUNE 2010

Shareholders are referred to the announcement released on 07 September 2010 pertaining to the Interim results and financial information of Metorex for the 12 month period ended 30 June 2010.

more >
   
       
 
21 September 2010
DIRECTORS' DEALINGS ANNOUNCEMENT 

In compliance with paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are advised of the following off market dealings by a director in Metorex`s securities:  

more >
   
       
 
13 September 2010
Dealings in Securities by Associates of a Director

In compliance with paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited, we hereby advise the following off-market dealings by an associate of a director in Metorex`s securities:

more >
   
       
 
07 September 2010
Interim results and financial information for the 12 month period ended 30 June 2010

Highlights for the 12 months ended 30 June 2010

  • Copper production up by 60 percent to 50,051 tons
  • Cobalt production up by 256 percent to 3,102 tons
  • Cash mining profit up 678 percent to R866 million, despite R400 million loss on Ruashi hedges which have now expired
  • Balance sheet restored with debt down by 50% and cash on hand at R521 million
  • Growth projects being advanced with a high degree of technical diligence
  • Post 30 June Consolidated Murchison has been sold
more >
   
       
 
06 September 2010
RE-CAPITALISATION AND DISPOSAL OF THE CONSOLIDATED MURCHISON OPERATIONS (“CONS MURCH”), A DIVISION OF METOREX

Metorex, a focussed base metals mining group, listed on the JSE Limited, is pleased to announce that it has entered into a sale of business agreement (“the Agreement”) with To The Point Growth Specialists (Pty) Limited (“TTP”),
more >
   
       
 
20 August 2010
Metorex appoints new independent non-executive Director

Metorex is pleased to announce the appointment to the board of directors of Metorex (“the Board”) of Mr. Peete Molapo (56) as an independent Non-executive Director effective from Friday, 20 August 2010.
more >
   
       
 
12 August 2010
Trading Statement in respect of the twelve months ended 30 June 2010

Shareholders are referred to the announcement dated Friday, 4 June 2010 and reminded of Metorex’s change in year-end from June to December.
more >
   
 
23 July 2010
NOTIFICATION OF RELEASE OF HALF-YEAR RESULTS

Shareholders are referred to the announcement released on SENS on Friday, 4 June 2010, whereby shareholders were informed of Metorex’s change in year end from June to December.
more >
   
       
 
08 July 2010
METOREX DECLARES A LUBEMBE RESOURCE ESTIMATE OF 1.5 MILLION TONNES OF COPPER

In addition to the maiden South African Mineral and Resources Committee ("SAMREC") mineral resource estimate for the Dilala East deposit released on 1 March 2010,
more >
   
       
 
29 June 2010
METOREX RINGFENCES THE RUASHI PROJECT DEBT

Metorex is pleased to inform shareholders that it has reduced the Ruashi project finance facility ("Ruashi Debt") by a further US$16 million to US$84,9 million.
more >
   
       
 
08 June 2010
Ruashi plant shutdown completed

Metorex, a focussed base metals mining group, listed on the JSE Limited, wishes to inform shareholders and update the market on the completion of a planned shutdown to carry out essential maintenance at the Ruashi Mine in the Democratic Republic Congo.
more >
   
       
 
04 June 2010
CHANGE OF FINANCIAL YEAR END

Shareholders are advised that the Metorex Board has resolved to change the financial year end of Metorex from June to December.
more >
   
       
 
26 May 2010
Metorex Analyst Site Visit

Shareholders are advised that Metorex will host a number of key institutional investors and analysts at their Ruashi and Kinsenda mines in the Democratic Republic of Congo.
more >
   
       
 
25 May 2010
Ruashi plant shutdown for essential maintenance

Metorex, a focussed base metals mining group, listed on the JSE Limited, wishes to inform shareholders and update the market on a planned shutdown to carry out essential maintenance at the Ruashi Mine in the DRC.
more >
   
       
 
21 May 2010
Metorex Limited appoints Hester Hickey as an independent non-executive director

Metorex Limited is pleased to announce the appointment of Hester Hickey (56) as an independent non-Executive Director and as the Chair of the Audit Committee effective 21 May 2010.
more >
   
       
 
20 May 2010
DIRECTORS' DEALINGS ANNOUNCEMENT

In compliance with section 3.63 of the Listings Requirements of the JSE Limited, shareholders are advised of the following grant of options to a director:
more >
   
       
 
29 April 2010
QUARTERLY OPERATIONAL AND GENERAL UPDATE

Chief Executive Officer Terence Goodlace said “The Metorex Group is now well positioned to advance its growth strategy following the completion of the US$ 120 million capital raising announced on 19 April 2010 (“the claw back offer”). Since the June 2009 financial year end and subsequent to having raised US$120 million through a claw back offer and following partial repayment of the Ruashi debt, the gross and debt net of cash balances reduced by 46 per cent and 77 per cent respectively.
more >
   
       
 
21 April 2010
DEALINGS BY DIRECTORS AND THEIR ASSOCIATES IN TERMS OF THE METOREX
CLAW-BACK OFFER

Shareholders are referred to the results of the Metorex Claw Back Offer, released on Sens on 19 April 2010 ("the Claw Back Offer").

In terms of the Listings Requirements of the JSE Limited, the following information provides details of the dealings by directors of Metorex and its major subsidiaries and/or such directors' associates in the ordinary shares of Metorex acquired at R3,60 per ordinary share in terms of the direct and indirect beneficial holdings of the directors:
more >
   
       
 
19 April 2010
METOREX CLAW BACK OFFER OVERSUBSCRIBED

FURTHER TO THE ANNOUNCEMENTS DATED 29 JANUARY 2010, 2 FEBRUARY 2010, 10 MARCH 2010, 12 MARCH 2010 AND 29 MARCH 2010 REGARDING THE PARTIAL RENOUNCEABLE CLAW BACK OFFER AND RIGHTS OFFER ("THE CLAW BACK OFFER").

more >
   
       
 
29 March 2010
POSTING OF CLAW BACK OFFER CIRCULAR AND UPDATED PRO FORMA FINANCIAL INFORMATION

METOREX SHAREHOLDERS (“SHAREHOLDERS”) ARE REFERRED TO THE FINALISATION ANNOUNCEMENT RELEASED ON SENS ON 12 MARCH 2010 AND PUBLISHED IN THE PRESS ON 15 MARCH 2010 RELATING TO THE PARTIAL CLAW BACK OFFER IN WHICH SHAREHOLDERS WERE ADVISED OF METOREX'S INTENTION TO RAISE A MINIMUM OF US$100 MILLION THROUGH THE ISSUE OF 250 000 000 NEW METOREX ORDINARY SHARES ("CLAW BACK SHARES") AT A PRICE OF 360 CENTS PER SHARE IN THE RATIO OF 33.233 CLAW BACK SHARES FOR EVERY 100 METOREX ORDINARY SHARES CURRENTLY IN ISSUE (“CLAW BACK OFFER”).

more >
   
       
 
19 March 2010
John Gavin Hopwood
Is with profound regret that the Members of the Board advise of the untimely passing of John Hopwood.

In the time that John stood as a Director of Metorex, his financial and commercial insight, dilience and expertise impacted greatly on our ability to function in a more efficient manner. John will be profoundly missed.
   
       
 
25 March 2010
IMPLEMENTATION OF THE REVISED RUASHI DEBT PACKAGE AND FURTHER RUASHI COPPER HEDGES
more >
   
       
 
12 March 2010
CAPITAL RAISING BECOMES UNCONDITIONAL

FINALISATION ANNOUNCEMENT REGARDING THE PARTIAL CLAW BACK OFFER OF 250 000 000 ORDINARY METOREX SHARES ("CLAW BACK OFFER")

more >
   
       
 
11 March 2010
UPDATE REGARDING THE PARTIAL CLAW BACK OFFER OF 250 000 000 ORDINARY METOREX SHARES ("CLAW BACK OFFER")

more >
   
       
 
10 March 2010
REVISED TIMETABLE FOR THE PARTIAL CLAW BACK OFFER OF 250 000 000 METOREX ORDINARY SHARES ("CLAW BACK OFFER")

more >
   
     
 
02 March 2010
CONSOLIDATED UNAUDITED INTERIM RESULTS FOR THE PERIOD ENDED 31 DECEMBER 2009

more >
   
       
 
01 March 2010
MAIDEN SAMREC MINERAL RESOURCE ESTIMATE FOR THE DILALA EAST RESOURCE IN THE DRC: 563,000 TONNES OF COPPER AND 170,000 TONNES OF COBALT
more >
   
       
11 February 2010
Trading statement

Shareholders are advised that management’s expectation for the Company’s earnings for the six months ended 31 December 2009 (“2009”) compared with the six months ended 31 December 2008 (“2008”), are set out below:

• Basic earnings are expected to be between 60 cents per share (“cps”) and 70 cps (2008: 42 cps).
 
more >
   
   
29 January 2010
Trading statement

Shareholders are advised that management’s expectation for the Company’s earnings for the six months ended 31 December 2009 (“2009”) compared with the six months ended 31 December 2008 (“2008”), are set out below:
 
more >
 
   
29 January 2010
DETAILS OF A US 100 MILLION CAPITAL RAISING AND A US$100 MILLION REVISED RUASHI MINING SPRL (“RUASHI” OR “RUASHI PROJECT”) DEBT PACKAGE, INCLUDING DECLARATION DATA OF A RENOUNCEABLE CLAW BACK OFFER (“CLAW BACK OFFER”) AND FURTHER CAUTIONARY ANNOUNCEMENT

CEO Terence Goodlace said "This capital raising will significantly strengthen the Metorex balance sheet and sets the scene for new project development and value creation. We are pleased to have secured upfront subscription commitments and undertakings in excess of 80% of our capital raising target amount."
 
more >
 
   
15 January 2010
Ruashi Quarterly Operational update

Metorex, a focused base metals mining group, listed on the JSE Limited, wishes to inform shareholders and update the market on Ruashi Mining SPRL’s performance during December 2009.

Chief Executive Officer Terence Goodlace said; "The Ruashi mine produced 2,515 tons of copper and 280 tons of cobalt for the month of December 2009 despite seasonal heavy rainfalls.  The quarterly production profile continued its positive trend, with quarterly copper production increasing by 32.13 per cent to 7,518 tons and cobalt by 21.92 per cent to 812 tons.”
more >
 

 

 
Register for alerts
 
  back to top