latest news releases from the newsroom
Trend Mining Company
Trend Mining Announces Andacollo Permits, Preparation for Mining
DENVER, Jan. 12, 2006 (PRIMEZONE) -- Trend Mining Company (OTCBB:TRDM) is pleased to announce that the Andacollo gold mine in Chile has received final permits for operation, and activities are fully underway to put the mine back into the production of gold. Andacollo has outsourced the actual mining to a well known Chilean mine contractor. The contractor is now mobilizing onto the site, and the first set of leased haul trucks has arrived at the mine. Plastic liner for the leach operation will begin arriving in the next week, and Andacollo staff expects crushing, and the stacking of gold ore-bearing rock on the liner by March 1, 2006.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Fourth Quarter Earnings Increase 34 Percent; 2005 Profits Increase 45 Percent
PASO ROBLES, Calif., Jan. 12, 2006 (PRIMEZONE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported that an expanding net interest margin and a continued focus on operating efficiencies contributed to record fourth quarter and full year profits. Net income for the year increased 45% to $6.6 million, or $1.01 per diluted share, compared to $4.6 million, or $0.71 per diluted share a year ago. For the fourth quarter of 2005, net income increased 34% to $1.8 million, or $0.27 per diluted share, compared to $1.4 million, or $0.21 per diluted share in the fourth quarter of 2004. All per share results reflect the 3-for-2 stock split in December 2005.
Metso to Supply a Conveying System to Dawson Mine in Australia
HELSINKI, Finland, Jan. 12, 2006 (PRIMEZONE) -- Metso Minerals will supply a cable belt conveying system for coal transportation to the Dawson mine, Central Queensland, Australia. The value of the order is approximately EUR 22 million. The delivery will be completed by October 2006. The order was booked for the last quarter order backlog of 2005.