UNITED STATES
Securities and Exchange Commission
Washington, D. C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Methanex Corporation
(Name of Issuer)
Common Stock
(Title and Class of Security)
59151K10
(CUSIP Number)
November 20, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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1) Name of reporting person:
Tetrem Capital Partners Ltd.
(the "Investment Manager")
2) Check the appropriate box if a member of a group:
a) n/a
b) x
3) SEC use only
4) Place of organization:
Winnipeg, Manitoba, Canada
Number of shares beneficially owned by each reporting person with:
5) Sole voting power: 6,935,899
6) Shared voting power: - 0 -
7) Sole dispositive power: 6,935,899
8) Shared dispositive power: - 0 -
9) Aggregate amount beneficially owned by each reporting person:
6,935,899
10) Check if the aggregate amount in row (9) excludes certain shares:
n/a
11) Percent of class represented by amount in row (9):
6.43%
12) Type of reporting person:
IA
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Item 1a) Name of issuer:
Methanex Corporation, - MEOH
Item 1b) Address of issuer's principal executive offices:
1800 Waterfront Centre
200 Burrard Street
Vancouver, BC V6C 3M1
Item 2a) Name of person filing:
Tetrem Capital Partners Ltd.
Item 2b) Address of principal business office:
Tetrem Capital Partners Ltd.
1508, 201 Portage Avenue
Winnipeg, MB, R3B 3K6
Item 2c) Citizenship:
Federal - Canada
Item 2d) Title of class of securities:
Common Shares
Item 2e) CUSIP No. 59151K10
Item 3) If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a :
(a)[ ] Broker or dealer under Section 15 of the Act.
(b)[ ] Bank as defined in Section 3(a)(6) of the Act.
(c)[ ] Insurance Company as defined in Section 3(a)(6) of the Act.
(d)[ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e)[ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f)[ ] Employee Benefit Plan, Pension Fund which is subject to
ERISA of 1974 or Endowment Funds; see 240.13d-1(b)(ii)(F).
(g)[ ] Parent holding company, in accordance with 240.13d-1(b)(ii)(G)
(h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Item 4) Ownership:
(a) Amount beneficially owned: 6,935,899
(b) Percent of Class: 6.43%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
6,935,899
(ii) shared power to vote or to direct the vote:
- 0 -
(iii) sole power to dispose or to direct the disposition of:
6,935,899
(iv) shared power to dispose or to direct the disposition of:
- 0 -
Item 5) Ownership of Five Percent or less of a class:
n/a
Item 6) Ownership of more than Five Percent on behalf of another
person:
x
Item 7) Identification and classification of the subsidiary which
acquired the security being reported on by the parent holding company:
n/a
Item 8) Identification and classification of members of the group:
n/a
Item 9) Notice of dissolution of group:
n/a
Item 10) Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
Signature
-----------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
--------------------------------
Date December 8, 2006
Tetrem Capital Partners Ltd.
By___________________________________________
Salvatore Pellettieri
Secretary and Portfolio Manager