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<SEC-DOCUMENT>0000945234-05-000629.txt : 20050831
<SEC-HEADER>0000945234-05-000629.hdr.sgml : 20050831
<ACCEPTANCE-DATETIME>20050831164020
ACCESSION NUMBER:		0000945234-05-000629
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050830
FILED AS OF DATE:		20050831
DATE AS OF CHANGE:		20050831

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:		051062204

	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>o17812e6vk.htm
<DESCRIPTION>FOR THE MONTH OF AUGUST 2005
<TEXT>
<HTML>
<HEAD>
<TITLE>For the month of August 2005</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 AUGUST 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>

<!-- PAGEBREAK -->
<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: August&nbsp;31, 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: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 36pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px"><B><I>NEWS RELEASE</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="bottom"><IMG src="o17812o1781200.gif" alt="(METHANEX LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="right" style="font-size: 8pt; margin-top: 3pt">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>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>For immediate release</I></B>
</DIV>


<DIV align="left" style="font-size: 14pt; margin-top: 30pt"><B>METHANEX ANNOUNCES PLANS TO CLOSE KITIMAT PLANT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">August&nbsp;30, 2005
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 24pt"><B>VANCOUVER, B.C. &#151; </B>Methanex President and CEO Bruce Aitken announced today that Methanex plans to
close its Kitimat facilities in early January&nbsp;2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During an employee briefing in Kitimat today, Mr.&nbsp;Aitken informed employees that it was no longer
economically viable to continue to operate the methanol plant. The associated ammonia plant will
also close as a result.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;While Kitimat is an ideal location to supply our customers in North America and Asia, it is
exposed to high cost North American natural gas, which is the main feedstock for this 500,000 tonne
per year methanol plant,&#148; said Aitken. &#147;It just doesn&#146;t make long term economic sense to
manufacture methanol in North America with high cost energy.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are 127 Methanex employees at the Kitimat site. Most employees will be retained until the end
of March&nbsp;2006 to complete shutdown procedures. While some employees may obtain positions elsewhere
in the company, all employees who lose their jobs as a result of this closure will receive
severance and career transition packages.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In 2005 there will be a pre- and post-tax charge to earnings of approximately US $35&nbsp;million,
primarily related to employee severance costs and the fee to terminate the take-or-pay natural gas
transportation agreement for the Kitimat facility. Approximately US $25&nbsp;million will be recognized
in the third quarter of 2005 and the remainder will be recognized in the fourth quarter of 2005.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Methanex is in an advanced stage of negotiations with a third party regarding the Kitimat site, and
in particular, the utilization of the terminalling facilities at that site. This transaction
could, over time, offset a portion of the shutdown costs.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The 500,000 tonne per year Kitimat plant is the only Methanex plant that buys North American
natural gas. Methanex&#146;s other production hubs are located in Chile and Trinidad where low-cost
natural gas is purchased under long-term supply agreements. Methanex also produces methanol at its
530,000 tonne per year plant in New Zealand. The methanol produced at Methanex&#146;s Kitimat plant is
currently sold to customers in Canada and Asia Pacific. These customers will now be supplied with
methanol produced at other Methanex production facilities.
</DIV>

<P>
<DIV align="left" style="font-size: 10pt; margin-top: 36pt">
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">



<DIV align="left" style="font-size: 7pt; margin-top: 6pt"><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>
</DIV>
</DIV>

</DIV>

<!-- PAGEBREAK -->
<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">- 2 -

<DIV align="left" style="font-size: 10pt; margin-top: 36pt">A conference call is scheduled for Wednesday, August&nbsp;31 at 10:00 am EDT (7:00 am PDT) to
review the closure of Kitimat as well as provide an update on our business. To access the call,
dial the Telus Conferencing operator ten minutes prior to the start of the call at (416)&nbsp;883-0139
or toll free at (888)&nbsp;458-1598. The security passcode for the call is 75577. A playback version of
the conference call will be available for seven days at (877)&nbsp;653-0545. The reservation number for
the playback version is 290870.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There will be a simultaneous audio-only webcast of the conference call, which can be accessed from
our website at <U>www.methanex.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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; <U>www.methanex.com</U>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 12pt">-end-
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Media Inquiries:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Investor Inquiries:</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Diana Barkley
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">or
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Wendy Bach</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Director, Public Affairs
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director, Investor Relations</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Methanex Corporation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Methanex Corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">604-661-2690
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">604-661-2600</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Email: dbarkley@methanex.com
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Email: wbach@methanex.com</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
</DIV>

<P>

<DIV align="left" style="font-size: 10pt; margin-top: 60pt">
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">

<DIV style="font-family: Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 7pt; margin-top: 6pt"><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>
</DIV>
</DIV>
</DIV>



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