UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF
MARCH 2006
METHANEX CORPORATION
(Registrant’s name)
SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82 .
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on behalf by the undersigned, thereunto duly authorized.
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METHANEX CORPORATION
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| Date: March 7, 2006 |
By: |
/s/ RANDY MILNER
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Name: |
Randy Milner |
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Title: |
Senior Vice President, General Counsel
& Corporate Secretary |
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For immediate release
METHANEX SECURES MORE NATURAL GAS FOR NEW ZEALAND PLANT
March 7, 2006
Methanex Corporation announced today that it has secured approximately six petajoules of additional
natural gas feedstock for its 530,000 tonne per year methanol plant in New Zealand. This gas,
combined with existing gas entitlements, will enable the New Zealand plant to produce approximately
230,000 tonnes of methanol in 2006.
Bruce Aitken, President and CEO of Methanex commented, “We are pleased that we have been able to
secure this additional gas for our New Zealand facility. Supply in our industry continues to be
very tight, inventories are low and demand is healthy. This incremental production from our New
Zealand plant will supply our customers in the Asia Pacific region and we expect it to make a
positive contribution to our earnings and cash flows in the first half of this year.”
The New Zealand plant was idled during the fourth quarter of 2005 and was restarted in early
January 2006. With this additional gas, it is expected to operate until the end of the second
quarter of 2006. The New Zealand plant remains a flexible production asset and future operations
beyond mid-2006 will be dependent on securing additional economically priced natural gas.
Methanex is a Vancouver based, publicly-traded company engaged in the worldwide production and
marketing of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in
Canada under the trading symbol “MX” and on the Nasdaq National Market in the United States under
the trading symbol “MEOH.” www.methanex.com
This news release contains forward-looking statements. Certain material factors or assumptions
were applied in drawing the conclusions or making the forecasts or projections that are included in
the forward-looking statements and Methanex believes that it has a reasonable basis for making such
forward-looking statements. However, forward-looking statements, by their nature, involve risks
and uncertainties that could cause actual results to differ materially from those contemplated by
the forward-looking statements. The risks and uncertainties include those attendant with producing
and marketing methanol and successfully carrying out major capital expenditure projects in various
jurisdictions, the ability to successfully carry out corporate initiatives and strategies,
conditions in the methanol and other industries including the supply and demand balance for
methanol, actions of competitors, world-wide economic conditions and other risks described in our
2004 Management’s Discussion & Analysis. Undue reliance should not be placed on forward-looking
statements. They are not a substitute for the exercise of one’s own due diligence and judgment.
The outcomes anticipated in forward-looking statements may not occur and we do not undertake to
update forward-looking statements.
Inquiries:
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Wendy Bach |
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Diana Barkley |
Director, Investor Relations |
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Director, Public Affairs |
Methanex Corporation |
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Methanex Corporation |
604-661-2600 |
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604-661-2600 |
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