[miningmx.com] — Junior miner Metorex (MTX) said on Wednesday that, during the six months ending in December 2010, its copper production increased
by 5% to 26 358 tonnes, while its cobalt production increased by 26% to 2 021 tonnes.
Metorex CEO Terence Goodlace said the increase in production came despite the
previously reported transformer challenges at Ruashi during the December 2010 quarter, which adversely affected copper and cobalt production.
“The current market for copper remains positive and prices remain buoyant,” he
said.
Metorex operates the Ruashi copper and cobalt mine near Lubumbashi in the Katanga province of the Democratic Republic of the Congo, and Chibuluma, an underground copper mine situated west of Kitwe near Kalulushi in Zambia.
It also operates Sable Zinc, near Kabwe in Zambia. The operation includes a modern solvent extraction electrowinning plant and acid plant. It purchases third-party ores and produces copper cathode and cobalt concentrate.
Metorex also has three prospective base-metal growth projects located in the DRC – the Dilala East, Kinsenda and Lubembe projects.
It also operates the Consolidated Murchison underground antimony and gold mine situated at Gravelotte in Limpopo.
Metorex’s report for the six months ending in December 2010 will be released to
the market on or about March 1.
