MNA Monterrico

RNS Number:6642V
Monterrico Metals PLC
27 April 2007


TR-1(i):               Notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing           Monterrico Metals plc
shares to which voting rights are attached(ii):


2. Reason for the notification     (please tick the appropriate box or boxes)


An acquisition or disposal of voting rights                                                

An acquisition or disposal of financial instruments which may result in the acquisition    
of shares already issued to which voting rights are attached


An event changing the breakdown of voting rights                                           


Other (please specify):___________________________________________                         


3. Full name of person(s) subject to the notification        Xiamen Zijin Tongguan Investment
obligation(iii):                                             Development Co., Ltd


4. Full name of shareholder(s) (if different from 3.)(iv):   Xiamen Zijin Tongguan Investment
                                                             Development Co., Ltd


5. Date of the transaction (and date on which the threshold  26 April 2007
is crossed or reached if different)(v):


6. Date on which issuer notified:                            27 April 2007


7. Threshold(s) that is/are crossed or reached:              88%


8. Notified details:                                         Pursuant to the terms of a takeover
                                                             offer for all of the issued share
                                                             capital in Monterrico Metals plc by
                                                             Xiamen Zijin Tongguan Investment
                                                             Development Co., Ltd the offer has
                                                             been accepted in respect of 88.36% of
                                                             the share capital and accordingly,
                                                             has been declared unconditional in
                                                             all respects.



A: Voting rights attached to shares


Class/type of       Situation previous to Resulting situation after the triggering transaction(vii)
shares              the Triggering
                    transaction (vi)


 if possible using  Number of  Number of  Number of    Number of voting rights ix  % of voting rights
the ISIN CODE       Shares     Voting     shares
                               Rights
                               viii       Direct       Direct  x    Indirect xi    Direct      Indirect





Odinary shares with 22,683,067 22,683,067  23,244,304   23,244,304        0           88.36         0

ISIN Code
GB0031695009


B: Financial Instruments


Resulting situation after the triggering transaction xii


Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument           xiii            Period/ Date xiv          that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.


        N/A                N/A                  N/A                       N/A                   N/A




Total (A+B)

Number of voting rights                            % of voting rights


    23,244,304                                             88.36



9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively
held, if applicable xv:


Not applicable but see 13 below.



Proxy Voting:

10. Name of the proxy holder:                                           N/A

11. Number of voting rights proxy holder will cease to hold:            N/A

12. Date on which proxy holder will cease to hold voting rights:         N/A


13. Additional information:                  The shares in Monterrico Metals are held directly by Xiamen
                                             Zijin Tongguan Investment Development Co., Ltd.

                                             The shares in Xiamen Zijin Tongguan Investment Development Co.,
                                             Ltd are held as to:

                                                         45% by Zijin Mining Group Co., Ltd.

                                                         35% by Tongling C&D Inc.; and

                                                         20% by Xiamen Nonferrous Metails (Group) Inc.

14. Contact name:                            Eileen Carr

15. Contact telephone number:                020 7776 2900



--------------------------

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