latest news releases from the newsroom
Metso Minerals to Open Warehouse and Customer Service Center in the USA
HELSINKI, Finland, Nov. 17, 2005 (PRIMEZONE) -- Metso Minerals' Crushing and Screening business line is centralizing its North American warehouse, logistics and customer service operations to Columbia, South Carolina. The decision will bring a modernization and expansion to the production facility opened in 1965. The value of the total investment is approximately EUR 5 million. In addition to a service center, the Columbia facility will also include an assembly line for mobile screens and crushing plants. The renewed plant has 203,000 square feet of production and office space on 40 acres of land.
SmallCap Sentinel: Another Stem Cell Breakthrough as Scientists Create Cartilage
IRVINE, Calif., Nov. 17, 2005 (PRIMEZONE) -- "Yet another head turning breakthrough has occurred in the stem cell research area," stated SmallCap Sentinel analyst D.R. Clark. "A London research team has been able to create cartilage from stem cells, a development that would seem to be the first of its kind and yet another testament to the seemingly boundless applications for stem cells."
Habanero Resources Inc.
Habanero to Participate in Oil Sands Prospect in Alberta, Canada
VANCOUVER, British Columbia, Nov. 17, 2005 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) is extremely pleased to announce that it has entered into an agreement to purchase an equity interest in a private company ("the Company") that controls over 10,000 acres of land in the Peace River Oil Sands region of Alberta, Canada. According to a 51-101 compliant reserve report completed by DeGolyer and MacNaughton of Calgary on September 1, 2005, the current possible and probable barrels recoverable are 111,300,000. The property is very close to infrastructure including roads and power, as well there is a pipeline running directly through the property. There is likely a supply of condensate in the area for treating and blending for pipeline sales. The Company is planning a pilot plant for testing the recoverable reserve via Steam Assisted Gravity Drainage (SAGD) and the Company plans to file an application to AEUB for the pilot plant during the 1st quarter of 2006. The Company plans to drill two additional wells as part of its current program and will undertake a 3-D seismic survey of the lands that will enable the Company to re-assess the size and extent of its reserves and administer its pilot project. At this time Habanero has taken an equity interest in the Company, but Habanero may have the option to participate in the development and exploitation of the prospect in the future. There is a finder's fee payable upon closing of this transaction subject to regulatory approval.