Methanex Corporation provided earnings guidance for the second quarter and full year of 2013. Expectations for second quarter, production numbers are looking quite good. The company anticipated sales volumes to be quite healthy and in a higher price environment, earnings should be higher than they were in first quarter. The company expects the structural tax rate to be about 20% to 25%. With the very low production levels in Chile, and that's where high tax rate is 35% percent, tax rate structurally, temporarily anyway, is a little bit lower than that. So it's a bit below 20%. So as long as Chile has low earnings the company would expect that structural tax rate as it get Chile back into operation and with Geismar coming on stream in 2014 it would see the structural tax rate head more into that range of 20% to 25%. The company expected as the year goes on gas restrictions to be less. It expects, provided plants run according to plan, that the productions in Trinidad will be better in 2013 than they were in 2012. Maintenance capital for every million tons of installed capacity should be $10 million.

Methanex Corporation announced that it has reached a final investment decision to proceed with the relocation of a methanol plant from its Chile site to Geismar, Louisiana. The plant is expected to be operational by early 2016, and has an estimated total cost of approximately USD 550 million.

Methanex Corporation announced that its Board of Directors has approved an 8% increase to its quarterly dividend to shareholders, from $0.185 to $0.20 per share. The increased dividend will apply commencing with the dividend payable on June 30, 2013 to holders of common shares on record on June 16, 2013.