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Methanex Reports Stronger Earnings in the First Quarter of 2013; Increases Dividend 8%

Page 17 of 28

More particularly and without limitation, any statements regarding the following are forward-looking statements:

--  expected demand for methanol and its derivatives,--  expected new methanol supply or restart of idled capacity and timing for    start-up of the same,--  expected shutdowns (either temporary or permanent) or restarts of    existing methanol supply (including our own facilities), including,    without limitation, the timing and length of planned maintenance    outages,--  expected methanol and energy prices,--  expected levels of methanol purchases from traders or other third    parties,--  expected levels, timing and availability of economically priced natural    gas supply to each of our plants,--  capital committed by third parties towards future natural gas    exploration and development in the vicinity of our plants,--  our expected capital expenditures, including, without limitation, those    to support natural gas exploration and development for our plants and    the restart of our idled methanol facilities,--  anticipated production rates of our plants,--  expected operating costs, including natural gas feedstock costs and    logistics costs,--  expected tax rates or resolutions to tax disputes,--  expected cash flows, earnings capability and share price,--  ability to meet covenants or obtain waivers associated with our long-    term debt obligations, including, without limitation, the Egypt limited    recourse debt facilities that have conditions associated with    finalization of certain land title registration and related mortgages    that require action by Egyptian governmental entities,--  availability of committed credit facilities and other financing,--  our shareholder distribution strategy and anticipated distributions to    shareholders,--  commercial viability and timing of, or our ability to execute, future    projects, plant restarts, capacity expansions, plant relocations, or    other business initiatives or opportunities, including the planned    relocation of idle Chile methanol plants to Geismar, Louisiana    ("Geismar") and certain initiatives in New Zealand and Canada,--  our financial strength and ability to meet future financial commitments,--  expected global or regional economic activity (including industrial    production levels),--  expected outcomes of litigation or other disputes, claims and    assessments,--  expected actions of governments, government agencies, gas suppliers,    courts, tribunals or other third parties, and--  expected impact on our operations in Egypt or our financial condition as    a consequence of civil unrest or actions taken or inaction by the    Government of Egypt and its agencies.


We believe that we have a reasonable basis for making such forward-looking statements. The forward-looking statements in this document are based on our experience, our perception of trends, current conditions and expected future developments as well as other factors. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections that are included in these forward-looking statements, including, without limitation, future expectations and assumptions concerning the following:

--  the supply of, demand for, and price of methanol, methanol derivatives,    natural gas, coal, oil and oil derivatives,--  the success of our natural gas exploration and development in Chile and    New Zealand and our ability to procure economically priced natural gas    in Chile, New Zealand, Trinidad, Canada and the United States,--  receipt of governmental approvals related to natural gas exploration    rights,--  the establishment of new fuel standards,--  operating costs including natural gas feedstock and logistics costs,    capital costs, tax rates, cash flows, foreign exchange rates and    interest rates,--  the availability of committed credit facilities and other financing,--  timing of completion and cost of our Geismar projects and our    initiatives to increase production in New Zealand and Canada,--  production rates of our facilities,--  receipt of remaining required permits in connection with our Geismar    projects,--  receipt or issuance of third-party consents or approvals, including,    without limitation, governmental registrations of land title and related    mortgages in Egypt, governmental approvals related to natural gas    exploration rights or rights to purchase natural gas,--  global and regional economic activity (including industrial production    levels),--  absence of a material negative impact from major natural disasters,--  absence of a material negative impact from changes in laws or    regulations,--  absence of a material negative impact from political instability in the    countries in which we operate,--  enforcement of contractual arrangements and ability to perform    contractual obligations by customers, natural gas and other suppliers    and other third parties, and--  satisfaction of conditions precedent contained in the Geismar I natural    gas supply agreement.

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