Metorex lifts output, says Jinchuan deal on track

JSE-listed Metorex said on Monday that its copper and cobalt production increased in the September quarter. Copper production increased by 15% to 15 202 t, up from the June quarter’s 13 218 t. Cobalt production rose 11% from the previous...

Metorex reports stable H1 copper output despite power outages

JSE-listed Metorex on Wednesday reported slightly higher copper production from its operations in Zambia and the Democratic Republic of Congo (DRC) for the first six months to June. Total copper output rose 1% to 26 562 t, from 26 358 t, while...

Metorex appoints Nicholas James as COO

Nicholas James has been appointed as Metorex COO from May 1, the JSE-listed mining company announced on Thursday. James, who has 30 years of mining experience, joins Metorex from Rand Uranium, where he was also COO for the past three years.

Metorex increases copper, cobalt output in March quarter

JSE-listed Metorex, which operates in the Democratic Republic of Congo (DRC) and Zambia, on Tuesday reported an 8% increase in copper production to 13 344 t and a 10% boost in cobalt output to 1 041 t during its March 2011 quarter. CEO Terence...

Metorex says copper resources increased by 44,9%

JSE-listed Metorex on Monday reported a 44,9% increase in total group copper mineral resources from 3,27-million ton to 4,74-million ton for the 2010 financial period, driven largely by the Dilala East and Lubembe deposits in the Democratic...

Metorex doubles six-month mining profit

Eighteen months after the base-metals miner Metorex embarked on its repositioning and recapitalisation strategy, the previously cash-strapped business on Tuesday reported strong interim financial results with mining profit doubling to...

Metorex boosts Ruashi output despite power disruptions

JSE-listed Metorex reported improved operational results for the quarter ended September 30, 2010, despite power interruptions in the Democratic Republic of the Congo (DRC). The miner said on Friday that copper production increased by 18% while...

Restructured Metorex upbeat about copper prospects, lifts output

JSE-listed Metorex on Tuesday reported a significant increase in its copper and cobalt output, boosted by the production build-up at its Ruashi mine in the Democratic Republic of Congo (DRC) and higher copper grades at the Chibuluma operation in...

Metorex wins short debt holiday, secures less-punishing copper hedge

JSE-listed Metorex has gone from being a diversified miner to a copper-cobalt play with far less debt baggage and a company that will soon have a far less onerous copper hedge at its Ruashi mine in the Democratic Republic of Congo (DRC).

The...

Metorex lifts Ruashi copper, cobalt production

Copper output at JSE-listed base-metals miner Metorex’ joint-venture Ruashi mine, in the Democratic Republic of Congo (DRC), rose 32% in the quarter ended December 31, 2009. The mine produced 7 518 t of copper during the quarter, compared with...

Metorex restructures copper hedge at higher price

JSE-listed base-metals miner Metorex has replaced its copper hedges for the period of July 2010 to June 2011 with new forward sales at a higher price, the company reported on Thursday. The hedge book was put in place in December 2008, as a...

Metorex says Ruashi output improving, shares up

Output at the Ruashi mine, in the Democratic Republic of Congo, would rise to about 3 000 t/m of copper cathode and 330 t/m of contained cobalt by the 2011 financial year, base-metals-miner Metorex reported on Wednesday. A detailed two-year...