Debt reduction key, says new Metorex CEO Goodlace

The successful implementation of a debt-reduction strategy was key to the turnaround of debt-laden diversified mining company Metorex, its new CEO Terence Goodlace said on Tuesday. Simultaneously, urgent attention would be given to turning...

Metorex may have to raise more capital, says new chairperson Rob Still

Despite the R922-million that Metorex raised late last year, the diversified mining company might have to raise more capital, new incoming Metorex chairperson Rob Still said on Tuesday. "It's possible that we will need to raise more capital, but...

Criminal charges against Metorex dismissed as ‘wild, vexatious'

Criminal charges have been laid against JSE-listed diversified mining company Metorex and Metorex CEO Charles Needham, but the company dismisses claims being made against it as "wild, vexatious, false and defamatory".

Metorex CEO to step down, founder to exit, cash-consuming assets for sale

Troubled midcap miner Metorex on Friday staunched its share-price haemorrhage with the announcement of far-reaching restructuring that would see the stepping down of growth-era CEO Charles Needham, the exiting of founder Simon Malone, the creation...

First copper on track at Ruashi Two, says Metorex

Construction of Ruashi Two in the Democratic Republic of Congo (DRC) remains on target for first copper in Janaury 2008, Metorex CEO Charles Needham assures.

Metorex raises Ruashi stake to 80%

JSE-listed diversified-miner Metorex announced on Wednesday that it had reached an agreement with Sentinelle Global Investments to acquire its 16% interest in Ruashi Holdings for an issue of 12,5-million new ordinary Metorex shares, at R21,35 a...

Proposed HF acid project spurs growth plans at Vergenoeg

Supplying fluorspar to a new hydrofluoric acid plant mooted for Richards Bay would have a substantial effect on diversified-miner Metorex’s Vergenoeg mine’s revenues, pushing them up by as much as 25%, the firm said.

Metorex has permission to export DRC concentrate

South African mid-tier diversified miner Metorex said on Friday that it had not been affected by governor of the Democratic Rebublic of Congo Katanga province governor Moise Katumbi’s ban on raw ore exports, and did not expect to be. Speaking in...