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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000945234-03-000598.txt : 20031124
<SEC-HEADER>0000945234-03-000598.hdr.sgml : 20031124
<ACCEPTANCE-DATETIME>20031121173204
ACCESSION NUMBER:		0000945234-03-000598
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031121
FILED AS OF DATE:		20031124

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20115
		FILM NUMBER:		031019053

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o11311e6vk.htm
<DESCRIPTION>FOR THE MONTH OF NOVEMBER 2003
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">

<P align="center"><FONT size="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
</FONT>
<FONT size="3"><B>WASHINGTON, D.C. 20549</B>
</FONT>


<P align="center"><FONT size="5"><B>FORM 6-K</B>
</FONT>

<P align="center"><FONT size="2"><B>REPORT OF FOREIGN PRIVATE
ISSUER<BR>&nbsp;<BR>
PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>

<P align="center"><FONT size="2"><B>FOR THE MONTH OF NOVEMBER 2003</B>
</FONT>

<CENTER>
<P align="center"><FONT size="6"><B>METHANEX CORPORATION</B></FONT>
<FONT size="2">
<HR size="1" width="60%" noshade align="center">
<I>(Registrant&#146;s name)</I>
</FONT>
</CENTER>
<CENTER>
<P align="center"><FONT size="2"><B>SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</B>
<HR size="1" width="60%" noshade align="center">
<I>(Address of principal executive offices)</I>
</FONT>
</CENTER>

<P><FONT size="2">Indicate by check mark whether the registrant files or will file annual reports
under cover Form&nbsp;20-F or Form&nbsp;40-F.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top" nowrap align="center"><FONT size="2">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">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&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top" nowrap align="center"><FONT size="2">Yes&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">No&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>



<P><FONT size="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with Rule&nbsp;12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</FONT>

<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<!-- link1 "SIGNATURES" -->

<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="47%">&nbsp;</TD>
        <TD width="6%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top"><FONT size="2"><B>METHANEX CORPORATION</B></FONT></TD>
</TR>
<TR>
 <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><FONT size="2">Date:&nbsp;&nbsp;November 21, 2003</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">/s/&nbsp;&nbsp;&nbsp;RANDY MILNER
<HR size="1" width="95%" align="left" noshade>
Name:&nbsp;&nbsp;Randy Milner<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#38; Corporate Secretary</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="left"><HR size="4" noshade>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><IMG src="o11311o1131100.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">Methanex Corporation<BR>
1800 &#151; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Investor Relations: (604)&nbsp;661-2600<BR>
Toll Free: 1-800-661-8851<BR>
http://www.methanex.com</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="left"><FONT size="2"><B><I>For immediate release</I></B>
</FONT>

<P align="left"><FONT size="2"><B>METHANEX TO WEBCAST ANALYST CONFERENCE ON NOVEMBER 24, 2003</B>
</FONT>

<P align="left"><FONT size="2"><B>November&nbsp;17, 2003</B>
</FONT>

<P align="left"><FONT size="2">Methanex Corporation will be hosting a one-day Analyst Conference on November
24, 2003. The event, which commences at 8:30 AM EST, will be webcast. The live
or archived webcast can be accessed through the Company&#146;s website at
www.methanex.com.
</FONT>

<P align="left"><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148;
</FONT>

<P align="center"><FONT size="2">- end -</FONT>
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P align="left"><FONT size="2">For further information, contact:
</FONT>
<P align="left"><FONT size="2">Chris Cook<BR>
Director, Investor Relations<BR>
(604)&nbsp;661-2600
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><HR size="4" noshade>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><IMG src="o11311o1131100.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">Methanex Corporation<BR>
1800 &#151; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Toll-Free: 1-800-661-8851<BR>
http://www.methanex.com</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="left"><FONT size="2"><B><I>For immediate release</I></B>
</FONT>

<P align="left"><FONT size="2"><B>METHANEX CORPORATION &#151; NOTICE OF CASH DIVIDEND</B>
</FONT>

<P align="left"><FONT size="2"><B>November&nbsp;20, 2003</B>
</FONT>

<P align="left"><FONT size="2">Methanex Corporation announced today that its Board of Directors has declared a
quarterly dividend of US$0.06 per share that will be payable on December&nbsp;31,
2003 to holders of common shares of record on December&nbsp;17, 2003.
</FONT>

<P align="left"><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148; Methanex can be visited online at
www.methanex.com.
</FONT>

<P align="center"><FONT size="2">- end -</FONT>
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P align="left"><FONT size="2"><B>Inquiries:</B>
</FONT>
<P align="left"><FONT size="2">Chris Cook<BR>
Director, Investor Relations
</FONT>
<P align="left"><FONT size="2">Phone: (604)&nbsp;661-2600
</FONT>
<P align="center"><FONT size="2">&nbsp;
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><HR size="4" noshade>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><IMG src="o11311o1131100.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">Methanex Corporation<BR>
1800 &#151; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Investor Relations: (604)&nbsp;661-2600<BR>
Toll Free: 1-800-661-8851</FONT></TD>
</TR>
</TABLE>
</DIV>
<P align="left"><FONT size="2"><B><I>For immediate release</I></B>
</FONT>

<P align="left"><FONT size="2"><B>METHANEX ANNOUNCES CONSENT SOLICITATION</B>
</FONT>

<P align="left"><FONT size="2"><B>November&nbsp;21, 2003</B>
</FONT>

<P align="left"><FONT size="2">Methanex announced today that it has commenced a solicitation of consents to a
proposed amendment to the Indenture relating to its 7.75% notes due August&nbsp;15,
2005 (the &#147;Notes&#148;). The consent solicitation will expire at 5:00 PM (New York
time) on Monday, December&nbsp;8, 2003.
</FONT>

<P align="left"><FONT size="2">The Indenture provides that Methanex may not make any restricted payment if, as
a result, the Company&#146;s &#147;Consolidated Net Worth&#148;, which approximates
shareholders&#146; equity, would be less than US$850&nbsp;million. The proposed amendment
to the Indenture would modify the definition of &#147;Consolidated Net Worth&#148; to add
back non-cash write-downs of up to US$100&nbsp;million recorded from January&nbsp;1, 2002
to September&nbsp;30, 2003, and non-cash write-downs of up to an additional US$100
million recorded after September&nbsp;30, 2003.
</FONT>

<P align="left"><FONT size="2">The purpose of the Consent Solicitation is to maintain Methanex&#146;s financial
flexibility notwithstanding a reduction in &#147;Consolidated Net Worth&#148; as a result
of non-cash write-downs of assets.
</FONT>

<P align="left"><FONT size="2">Effectiveness of the Indenture amendment will be conditional upon receiving the
consent of holders of not less than 50% of the outstanding Notes.
</FONT>

<P align="left"><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148;
</FONT>

<P align="center"><FONT size="2">- end -</FONT>
<P>&nbsp;
<P>&nbsp;
<P>&nbsp;
<P align="left"><FONT size="2"><B>Inquiries:</B>
</FONT>
<P align="left"><FONT size="2">Chris Cook<BR>
Director, Investor Relations
</FONT>
<P align="left"><FONT size="2">Phone: (604)&nbsp;661-2600
</FONT>
<P align="center"><FONT size="2">&nbsp;
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="left"><HR size="4" noshade>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><IMG src="o11311o1131100.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">Methanex Corporation<BR>
1800 &#151; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Toll-Free: 1-800-661-8851<BR>
http://www.methanex.com</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="left"><FONT size="2"><B><I>For immediate release</I></B>
</FONT>

<P align="left"><FONT size="2"><B>METHANEX TO WRITE DOWN NEW ZEALAND AND MEDICINE HAT METHANOL FACILITIES</B>
</FONT>

<P align="left"><FONT size="2"><B>November&nbsp;21, 2003</B>
</FONT>

<P align="left"><FONT size="2">Methanex Corporation announced today that it will write down the carrying value
of its methanol production assets in New Zealand and Alberta. The non-cash
before and after-tax charge of approximately US$130&nbsp;million will be taken in
the fourth quarter of 2003.
</FONT>

<P align="left"><FONT size="2">In February&nbsp;2003, following a re-determination process, Methanex lost
substantially all of its remaining contractual natural gas entitlements from
the Maui field offshore New Zealand. Since then, the Company has performed a
comprehensive review of options and pursued multiple avenues but has not been
able to secure sufficient quantities of natural gas feedstock at an economical
price.
</FONT>

<P align="left"><FONT size="2">The Medicine Hat facility has been idled since 2001 and the write-down of the
plant reflects the Company&#146;s view on long-term North American natural gas
prices and its reduced reliance on North American production as it continues to
implement its low-cost strategy of expanding methanol capacity in regions with
low feedstock costs.
</FONT>

<P align="left"><FONT size="2">Prior to the write-down, annual depreciation for these assets totaled
approximately US$30&nbsp;million.
</FONT>

<P align="left"><FONT size="2">Bruce Aitken, President and COO of Methanex commented, &#147;The write-down of these
assets reflects the changed economics for natural gas in both New Zealand and
North America. Despite the write-downs, we continue to work to secure enough
gas to produce from 0.5 to 1.0&nbsp;million tonnes of methanol in New Zealand during
2004. Prospects beyond 2004 are uncertain.&#148; Mr.&nbsp;Aitken concluded, &#147;We continue
to view Medicine Hat as valuable swing capacity to supplement our low-cost
methanol production hubs in Chile and Trinidad.&#148;
</FONT>

<P align="left"><FONT size="2">Methanex also separately announced today that it has commenced a solicitation
of consents to a proposed amendment to the Indenture relating to its 7.75%
notes due August&nbsp;15, 2005. The Indenture provides that Methanex may not make
certain shareholder distributions, other than dividends of up to US$30&nbsp;million
in any 12&nbsp;month period, if the Company&#146;s &#147;Consolidated Net Worth&#148;, which
approximates shareholders&#146; equity, is less than US$850&nbsp;million. The proposed
amendment to the Indenture would allow Methanex to add back to &#147;Consolidated
Net Worth&#148; up to US$200&nbsp;million of non-cash write-downs.
</FONT>

<P align="left"><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148;
</FONT>

<P align="center"><FONT size="2">- end -</FONT>

<P>&nbsp;
<P>&nbsp;
<P><DIV style="float: left; width: 30%">
<P align="left"><FONT size="2"><B>Inquiries:</B><BR>
&nbsp;<BR>
Chris Cook<BR>
Director, Investor Relations<BR>
&nbsp;<BR>
Phone:&nbsp;(604)&nbsp;661-2600</FONT>
</DIV>


<DIV style="float: left; width: 66%">
<DIV style="border: 1px solid black; width: 99%">
<DIV style="margin-left: 1%; width: 98%"><FONT size="2"><I>Information in this news release may contain forward-looking statements. By their
nature, such forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from those contemplated by the forward-looking
statements. They include world-wide economic conditions, the availability and cost of
gas feedstock, and the ability to implement business strategies and pursue business
opportunities. Please also refer to page 40 in our 2002 Annual Report for more
information on forward-looking statements.</I></FONT>
</DIV>
</DIV>
</DIV><!-- nbsp --><P>&nbsp;<BR clear="all">
<P align="center"><FONT size="2">&nbsp;</FONT>

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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
