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<SEC-DOCUMENT>0000945234-05-000495.txt : 20050705
<SEC-HEADER>0000945234-05-000495.hdr.sgml : 20050704
<ACCEPTANCE-DATETIME>20050705145019
ACCESSION NUMBER:		0000945234-05-000495
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050705
FILED AS OF DATE:		20050705
DATE AS OF CHANGE:		20050705

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:		05936419

	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>o17319ae6vk.htm
<DESCRIPTION>PRESS RELEASE DATED 7/4/05
<TEXT>
<HTML>
<HEAD>
<TITLE>Press Release Dated 7/4/05</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>


<P align="center" style="font-size: 10pt"><B>REPORT OF FOREIGN PRIVATE ISSUER</B>



<P align="center" style="font-size: 10pt"><B>PURSUANT TO RULE 13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>



<P align="center" style="font-size: 10pt"><B>FOR THE MONTH OF JULY 2005</B>


<P align="center" style="font-size: 24pt"><B>METHANEX CORPORATION</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="55%" align="center" color="#000000">
<I>(Registrant&#146;s name)</I></DIV>



<P align="center" style="font-size: 10pt"><B>SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="60%" align="center" color="#000000">
<I>(Address of principal executive offices)</I></DIV>


<P align="left" style="font-size: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">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.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">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;</U>.



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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

<DIV style="font-family: Helvetica,Arial,sans-serif">




<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&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.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>METHANEX CORPORATION</B><BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: July&nbsp;5, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ RANDY MILNER
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Randy Milner&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President, General Counsel
&#038;&nbsp;Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Arial,sans-serif">
<DIV align="center">
<TABLE style="font-size: 32pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="67%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><I>NEWS RELEASE</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><IMG src="o17319ao1731900.gif" alt="(METHANEX LOGO)"></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="right" style="font-size: 8pt">Methanex Corporation<BR>
1800 &#150; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Investor Relations: (604)&nbsp;661-2600<BR>
http://www.methanex.com</DIV>



<P align="left" style="font-size: 10pt"><B><I>For immediate release</I></B>

<P align="left" style="font-size: 10pt"><B>METHANEX&#146;S NEW CHILE IV PLANT REACHES 85% PRODUCTION; UPDATE ON GAS RESTRICTIONS</B>


<P align="left" style="font-size: 10pt">July&nbsp;4, 2005


<P align="left" style="font-size: 10pt">Methanex announces that its new 840,000 tonnes per year Chile IV methanol plant has reached
its &#147;technical production&#148; milestone. This means that the plant produced on-specification methanol
at a rate of 85% of its design capacity.


<P align="left" style="font-size: 10pt">Methanex&#146;s President and C.E.O., Mr.&nbsp;Bruce Aitken, commented, &#147;Increased quantities of natural gas
delivered to our Chilean methanol facilities over the past week have enabled us to re-start our new
Chile IV plant and we are happy to announce that it reached technical production over this past
weekend. This is an important operational milestone and we are working hard to ensure that it will
continue to operate well and pass its other contractual performance tests.&#148;


<P align="left" style="font-size: 10pt">Mr.&nbsp;Aitken added, &#147;We are pleased that gas restrictions to our production hub in Chile have eased
as this provides us with more operational flexibility for the entire site. However, this remains a
very dynamic situation. We continue to work closely with our gas suppliers, the governments of
Chile and Argentina and other key stakeholders in order to identify both short and long term
solutions to our gas supply situation in Chile.&#148;


<P align="left" style="font-size: 10pt">Since curtailments to Methanex began in mid-June of 2005, they have ranged widely, from days when
substantially all of the nominated gas was received, to other days when more than half of the gas
was diverted. At the time of this release, the site is operating at a rate of approximately 7,400
tonnes per day compared to a total production capacity (including Chile IV) of 10,500 tonnes per
day. The average production rate since commencement of curtailments in mid-June through July&nbsp;3,
2005 is 6,800 tonnes per day.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Aitken concluded, &#147;During the second quarter we lost approximately 45,000 tonnes of production
(excluding Chile IV). To date the production losses in Chile have not impacted our ability to
supply our customers. We are working very hard to ensure that our customers continue to receive the
quantities of methanol that they require. We will provide a full update on this situation at our
second quarter conference call.&#148;


<P align="left" style="font-size: 10pt">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 &#147;MX&#148; and on the Nasdaq National Market in the United States under
the trading symbol &#147;MEOH.&#148;

<P align="center" style="font-size: 10pt">- end -


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD style="border-right: 2px solid "><DIV style="font-size: 2pt">&nbsp;</DIV></TD>
    <TD align="left" valign="top" colspan="2"><DIV style="margin-top:-7px; text-indent:-0px"><HR size="1" noshade width="100%" align="center"></DIV></TD>
    <TD style="border-left: 2px solid "><DIV style="font-size: 2pt">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For further information, contact:<BR>
&nbsp;<BR>
Wendy Bach<BR>
Director, Investor Relations<BR>
Tel: 604-661-2600
</DIV></TD>
    <TD style="border-right: 2px solid ">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 8pt"><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, actions of competitors, the availability and cost of gas feedstock,
the ability to implement business strategies and pursue business opportunities, conditions in the
methanol and other industries including the supply and demand for methanol and the risks attendant
with producing and marketing methanol, integrating acquisitions and realizing anticipated synergies
and carrying out major capital expenditure projects. Please also refer to our publicly available
documents filed from time to time with securities commissions.</I></DIV></TD>
    <TD style="border-left: 2px solid">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="font-size: 5pt">&nbsp;</DIV></TD>
    <TD style="border-right: 2px solid "><DIV style="font-size: 5pt">&nbsp;</DIV></TD>
    <TD><DIV style="font-size: 5pt">&nbsp;</DIV></TD>
    <TD align="left" valign="top"><DIV style="font-size: 5pt">&nbsp;</DIV></TD>
    <TD style="border-left: 2px solid "><DIV style="font-size: 5pt">&nbsp;</DIV></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" colspan="2"><DIV style="margin-top:-7px; text-indent:-0px"><HR size="1" noshade width="100%" align="center"></DIV></TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>



<P align="center" style="font-size: 10pt">
</DIV>

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