I had the chance to speak with Quest Minerals & Mining Corporation (OTCBB: QMNM) CEO Eugene Chiaramonte, Jr. last week and the conversation was quite productive. Mr. Chiaramonte was able to shine some light on what has been transpiring at the company's Eastern Kentucky coal mines as well as with its ongoing bankruptcy proceedings. Here's a look at some of the highlights from our conversation:

1. Pond Creek Mine:

• Production was halted on Wednesday 8/20 due to a belt problem and is expected to commence early this week;
• Quest has been producing and shipping coal to fulfill its $8M contract with Logan & Kanawa for over two months;
• The mine currently employs two mining shifts and a maintenance shift. The second mining shift is a half shift, for now;
  
• The company will likely update investors with Pond Creek sales data within the next 2-4 weeks;
  
• Because the mine required such intensive rehab and invasive drilling (i.e, ripping out the pre-existing roof), Quest's equipment took a serious beating in the process of achieving full production status. In order to ensure future efficiencies, Quest has been re-building and replacing worn down equipment. This process is believed to be just about over with;
  

2. Gwenco Bankruptcy Proceedings:

• Quest plans on presenting its re-organization plan to the bankruptcy judge this Friday (9/5) and expects to receive a "yes or no" reply within about a week;
• Management has prepared the plan using "low-ball" figures in effort not to handicap itself going forward;

3. Cedar Grove Mine:

• Initial rehabilitation has commenced at the mine. This includes light excavation of paths and access roads leading up to the property. Eugene noted that a bulldozer was currently on-site and being used to clear the face of the mine as well as provide easier access to the property.
  
• Eugene also noted that Quest is already in early-stage negotiations for future sale of the coal housed in Cedar Grove and is pleased with the direction in which talks are progressing.

4. The Potential Mountain Ridge Acquisition:

• At this point it does not look like management will pursue the deal. According to my conversation with Quest's CEO, due diligence was conducted on behalf of the company and the deals was not seen as being beneficial.

I hope this helps paint a better picture of what is going on with Quest, currently. Feel free to post any questions that you might have on the blog and I'll be happy to reply.

Labels: QMNM, QMNM.ob, Quest and Coal, Quest Coal, Quest Minerals and Mining Corp

Quest Minerals & Mining Corp. (OTCBB: QMNM) continues to hit the wire with news regarding positive developments at its Pond Creek, Ky coal mine.

The stock closed up more than 15% Tuesday at $.0134 on nearly 35,000,000 shares traded for one of its best days in quite some time. In my opinion, QMNM holds a deal of upside potential for a number of reasons. I'll touch on a few of them in a moment, but first, let's take a look at the two most recent developments at Quest's initial mine.

Striving for Increased Production at Mine #1

On 8/1 management noted that the property had recently achieved full production status and subsequently increased daily output expectations.

Today (8/12), Quest announced the addition of a "JOY (64'' Bed) 21SC shuttle car to its underground operations". According to the release, the new piece of equipment holds up to 5 tons of coal and works side by side with Quest's existing 4 ton shuttle car.

Now, let's get back to some of the reasons that have me convinced that Quest is indeed a compelling and timely low-cost play on the booming coal industry.

QMNM: A Low-Cost, High Potential Coal Play

1. Quest is a coal producing company: Gwenco, QMNM's wholly-owned subsidiary currently leases more than 700 acres of coal mines believed to hold approximately 12,999,000 tons of coal. Furthermore, Gwenco is already extracting enough coal to require the installation of a larger conveyor system that will facilitate the company's production of between 1,000 - 1,300 raw tons of coal per shift or 2,000 - 2,600 per day at Pond Creek.

2. Quest plans to monetize a portfolio of coal properties, not just one mine: QMNM has publicly stated plans to bring a second mine - Cedar Grove, KY - online by the end of 2008. Cedar Grove is located in very close proximity to Pond Creek and is expected to produce roughly identical output upon achieving full production status. In addition, initial engineering reports indicate that the coal located in Quest's second mine is of higher quality than that of Pond Creek.

3. Quest Represents a Low-Cost, High Potential Play on the Ongoing Coal Boom: As more established competitors including Arch Coal (NYSE: ACI) and Massey Energy (NYSE: MEE) continue to demand a premium from a stock price perspective, Quest represents a very compelling low cost opportunity to capitalize on the ongoing coal boom. Despite the obvious dangers of investing in companies currently in bankruptcy and trading in the penny range, the potential rewards are monumental.

4. QMNM Made a 4,000% Advance from 6/18 to 6/23: Quest recently advanced more than 4,000% in 3 days on total volume of 643,000,000 shares traded. QMNM closed at $.0016 on 6/18 and hit the high point of its recent run at $.075 on 6/23.

5. $8+ million contract in hand: Quest has a $8M contract in hand with Logan & Kanawha Co., LLC., and recently noted that it had verbally accepted a 10% higher strike price per ton on coal delivered through December of 2008

Quest Undervalued?

Since $.075, QMNM's trading behavior has been erratic at best. Despite tremendously high average daily trading volume for a penny stock trading in the sub $.10 range coupled with a number of stellar corporate announcements, the stock is parked below two cents. In my opinion, if Quest stays on track with recently stated production and rehab goals and quarterly financial reports become available, the stock will begin to receive a more favorable valuation in comparison to its peers. Here's a quick look at some of them.

Massey Energy Co. (NYSE: MEE)

The Central Appalachian-based coal provider recently reported a stellar second quarter aside from a $245.3 million pre-tax charge related to ongoing litigation with Wheeling-Pittsburgh Steel Company.

Some of the highlights include: Record coal revenues of $710.3 for a 38% year-over-year gain; EBITDA increased 65 percent to $199.0 million excluding ongoing litigation-related charges; Avg. revenue per produced ton of coal increased 28% y-o-y to $65.78; Average produced coal revenue per ton increased 28% to $65.78; Q2 operating cash margin per ton increased 83% to $15.94; 28% increase in avg. realized prices on coal shipped in Q2 of $65.78 per ton vs. $51.40 per ton in Q2 2007; 1st half coal revenue of $1.25 billion; and a net loss of $51.4 million or $0.64 per share.

Massey also accompanied its commentary on second quarter operating results with forward looking guidance into the remainder of '09 and 2010. Important highlights include: Building out another 3 to 6 preparation plants and shipping load-outs over the next 2 years; Expects produced coal shipments of between 46.0 and 48.0 million tons in '09; Anticipated met coal output of between 13.0 to 14.0 million tons; Currently in possession of approximately 6 million tons of unsold or un-priced metallurgical quality coal for 2009; and 2009 cash costs anticipated in the $52.00 to $60.00 per ton range.

With close to 81 million shares outstanding and a P/E of 51.33, MEE closed 8/4/08 at $65.91. The stock has recently been upgraded by both Davenport and Standard & Poor's and continues to attract investor interest as energy demand surges.

Peabody Energy (NYSE: BTU)

Based in St. Louis Missouri, Peabody fuels approximately 2% of worldwide electricity generation and sold 248 million tons of coal in 2007 for total revenues of $4.6 billion. With 9.3 billion tons of proven and probable coal reserves as of 12/31/07 Peabody has a vested interest in 31 coal operations located in the U.S. and Australia, as well as joint venture rights to a Venezuelan mine.

Q2 Highlights include: $1.53 billion in revenue vs. $.107 billion in Q2 2007 (43% increase); Net income of $233.4 or $.86 per share beat analyst estimates on average of $1.5 billion in revenues and earnings per share of $.54; Expects '08 income from continuing operations between $2.50 and $3 per share; Sold 59.8 tons of coal during Q2 versus 57 during Q2 2007; 1st half earnings of $290.6 or $1.07 per share on revenues of $2.81; and Sold 121 million tons of coal in the 1st half of 2008 vs. 112.7 in '07.

BTU closed on 8/5/08 at $59.47; right in the middle of its 52-week range. With 272 million shares outstanding and a P/E of 44.95, analysts appear to be quite bullish on Peabody. John Kang (RBC Capital Markets) rates the stock "outperform" and recently raised his price target from $60 to $90.

Arch Coal, Inc. (NYSE: ACI)
The St. Louis Missouri-based company operates 18 mines in 7 states, owns or controls approximately 2.9 billion tons of proven and probable recoverable coal reserves and contributes approximately 12% of America's coal supply. With properties in states including Colorado, New Mexico, Kentucky, West Virginia, Illinois, Wyoming, and Utah; Arch saw second quarter profits double and now believes that 2008 will be a record year.

Here are some of the company's second quarter highlights: Total sales of 34.4 million tons of coal during Q2 vs. 33.3 in Q2 '07; Revenue increase of nearly 30% from $598.7 million in Q2 '07 to $785.1 million; Net income of $113 million, or 78 cents per share vs. $37.6 million, or 26 cents per share; Operating margin increase from $3.51 to $20.16; Operating margin per ton averaged $4.21 vs. $1.75; Average sale per ton of $21.04, vs. $16.42 during Q2 '07 and $18.49 in Q1 '08; First half earnings of $194.1M, or $1.34 per share, $66.3M, or 46 cents per share during the 1st half of 2007; and First half revenues of $1.48B vs. $1.17B during the 1st half of 2007.

With just over 144 million shares outstanding and a P/E of 23.17, ACI closed 8/4/08 at a price of $48.51. The company currently provides the fuel for about 6 percent of the electricity generated in the United States and hopes to see that number increase over the next two years.

Bullish Outlook on Both Sides of the Fence: With both corporate executives and independent industry analysts alike bullish on the company's future potential, Arch Coal appears to be extremely well positioned to capitalize on the continued growth of the coal market. In a recent investor conference call, Arch chairman and CEO Steven Leer, was quoted as saying "We expect 2008 to be a record year for Arch"; and "Our tighter and stronger guidance is indicative of our confidence in the coal market fundamentals and in our ability to capitalize on these strong market trends".

Coal Market Trends

For those of you interested in the plethora of trends currently impacting Quest's business model, here are a few of the major ones:

1. Sustainable Demand

2. Emerging Nations: China and India account for nearly 50% of world coal use and are expected to lead a 73% leap in world coal demand to 2030 to 4,994 million tons of oil equivalent (mtoe) from 2,892 in 2005 (EIA Data)

3. Soaring worldwide steel demand - The price of U.S. steel-sheet reached a record price of $,1052 per ton in June up from $532 one year prior. Moreover, The International Iron and Steel Institute predicts overall industry growth of 6% during 2008.

4. Electricity demand - According to the World Coal Institute, Coal generates 40% of the world's electricity. The institute also states that: "At current production levels, proven coal reserves are estimated to last 147 years. In contrast, proven oil and gas reserves are equivalent to around 41 and 63 years at current production levels respectively

5. Burgeoning U.S. export market - A number of factors in addition to those listed above are currently sparking the rebirth of the U.S. coal export market. Some of the most significant growth drivers include:

A weak U.S. dollar; Exorbitant ocean shipping costs ( this is forcing customers to absorb shipping costs entirely in many instances); Massive demand in emerging nations including China and India that are not capable of fueling their growth internally; China recently announcing plans to lower or eliminate coal import tariffs; and India will need 78,000 megawatts of new coal-fueled generation by 2012, requiring an additional 265 million tons of coal use in that country (Peabody Energy)

QMNM recently gained more than 4,000%, moving from $.0016 (6/19) to a high of $.075 (6/23). After a very positive day in the market today, all eyes will be on Quest again on Wednesday.

Labels: Arch, Arch Coal, Massey, Massey Energy, OTC: QMNM, OTCBB: QMNM, Peabody, Peabody Energy, QMNM, QMNM.ob, Quest and Coal, Quest Coal, Quest Minerals and Mining Corp

Quest Minerals & Mining Inc. (OTCBB: QMNM) just announced that its Pond Creek coal mine, which was expected to reach full production mode of 1,500 - 2,500 raw tons per day within the next month, has done so today and now expects to mine between 1,000 - 1,300 raw tons per shift (two shifts will soon be working).

Since there has been so much speculation surrounding Quest's ability to mine coal, today we'll let you hear it straight from the horses mouth:

Everett Hampton, President of Whitestar Mining, LLC., commented, "We have turned the corner and have run the last three shifts with great success. Until yesterday, we had limited places to cut coal as we were only mining three (3) headings wide. Now that the engineers have finally calculated the proper directional coordinates, we are able to spread our working section out across the full seven (7) headings. Yesterday, we brought our operational status into full production and cut coal for a full eight hours. Having access to the full seven (7) headings allows us to meet our necessary tonnage requirements. The coal yard was so full yesterday, that we almost ran out of room to store it. Running coal is easy, compared to the rehab work we just completed. We are proud of where we are now and the amount of volume we can produce. Our production goals have since been raised up to 1,000 to 1,300 raw tons per shift. Any coal miner would tell you that this is a very good mine now."

Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "It appears that Whitestar is more capable than ever. They have managed to break all previous single day production records in just their first day of full production! We are very excited for what the future has in store for this company."

Simply put, this is a major step in the right direction for Quest. Now in full production mode, the company can begin fulfilling purchase orders and taking advantage of the red hot coal market. Management appears to be executing on outlined initiatives even fast than publicly stated. If that's not a bullish sign of what's to come than I don't know what is. Who knows? Maybe we will see production numbers sooner than the end of the quarter.

Labels: QMNM, QMNM.ob, Quest and Coal, Quest Minerals and Mining Corp

The world's fastest growing fuel source is currently running a deficit the size of the state of Texas.

As a result of this startling fact, the price of coal continues to skyrocket. This dynamic has translated into stellar earnings for upper-tiered suppliers including Arch Coal (NYSE: ACI) and Peabody Energy (NYSE: BTU) and also a very positive industry outlook for the foreseeable future.

Here's a quick look at some
facts on the deficit:

-- The world could face a coal supply deficit of 33 million to 44 million short tons (30-40 metric tons, or tones)

-- China is currently faced with its biggest energy predicament since 2004.

-- India is running a coal deficit, with coal demand last year for the steel and energy industries reaching 452m tones, of which 61m tones had to be imported.

-- By 2015, the country will be consuming about 800m tones of coal but will have to import more than a quarter of this, according to estimates from KPMG.

-- Supply disruptions in Australia - the world's premier coal supplier - led to an $800M dip in monthly coal exports during the month of April.

-- Arch Coal management forecasts coal demand to eclipse supply by 25 million to 35 million metric tones, and expects this supply deficit to grow through 2010.

-- Coal accounts for about 69% of total US energy demand.

-- The World Coal Institute expects energy consumption to rise by 8% to 10% per year through 2020.

-- In a recently issued research note, Citigroup stated that prices for met coal could reach $330 - $350 per ton by 2010.

In our opinion, the ongoing coal deficit is extremely positive for proven suppliers ranging from upper-tiered players like Arch Coal to emerging producers including Quest Minerals and Mining (OTCBB: QMNM). Tune into Quest's investor call on Tuesday to learn more about how the company is now capitalizing on a very positive business environment.

Labels: Coal, OTCBB: QMNM, QMNM, Quest and Coal, Quest Minerals and Mining Corp

Quest Minerals and Mining Corp. (OTCBB: QMNM) is again showing promise in the market in addition to the field. The stock closed up nearly 9% today at $.0203 on volume of more than 46 million today.

With coal now being produced and a conference call scheduled for next week to update investors on the company's progress. Quest appears to be the real deal.

After being battered for nearly a week straight on one positive corporate announcement after another, the stock appears to be bouncing back.

Labels: QMNM, QMNM.ob, Quest and Coal, Quest Minerals and Mining Corp

Quest Minerals and Mining Corp. (OTCBB: QMNM) has gained 4431.25% since the market closed last Wednesday on roughly 643,000,000 shares traded.

Quest Minerals has simply been one of the best micro-cap profit gainers this year and has made some very happy subscribers over the past few days. On Thursday, QMNM announced that it is diligently working to conclude their final stages of rehabilitation so that they can move into full production at their Pond Creek location.

Initial coal production would be a major development for Quest Minerals & Mining especially as coal prices increase and the world suffers from sky high oil prices. After the stock's performance over the past few days, the world certainly has its eyes on Quest Minerals. The question, is, how high can the stock go?

QMNM gained nearly $.06 today or about 425% on close to 277,000,000 shares traded. With investors willing to pay more than $.07 per share for a stock that traded at a fraction of a penny just last week, who's to say that Quest can't advance yet again tomorrow.

I'll be curious to see what the "smart money" knows about Quest. Is their a major QMNM announcement up around the next corner, or was Quest Minerals and Mining just another flash in the pan?

If QMNM can bring its coal facility online and begin producing in the very near term, we could see this stock mature further. Either way, Quest Minerals and Mining has provided some much needed profits for investors willing to gain an ownership position at a fraction of a penny in tough economic times.

Labels: OTC: QMNM, QMNM, QMNM and stock, QMNM.ob, Quest and Coal, Quest Minerals and Mining Corp, QuestMinerals

On Thursday, Quest Minerals and Mining Corp. (OTCBB: QMNM) gained more than 200% on nearly 206,000,000 shares traded. That's not a typo, folks.

The stock surged out of the gates from an opening price of $.002 and ran all the way to its intra-day high of a penny before settling down at $.0053 by the closing bell.

Thursday's Gains Attract Friday's Investors

Despite the stock lingering in sub-penny land for some time now, the sheer volume in today's trading generated a significant amount of capital for investors and likely sounded an wake-up call to the market.

There will likely be more eyeballs watching the stock by Friday, as Internet message boards light up and investors quickly realize that Quest was the most heavily traded stock on the OTCBB Thursday and was also one of the exchange's biggest percentage price gainers.

Calm Before The Storm?

The company has been silent over the past day after making a number of positive announcements back in May. Quest announced a letter of intent to purchase the assets of Mountain Ridge Mining which include: a high wall miner and the rights to mine coal with estimated reserves of 6 million tons of Met coal.

On 4/14 Quest announced the successful completion of one of the last stages of rehab on its Pond Mine Creek property. Federal agents witnessed and approved the company's rescue plan for the mine, a key area of industry concern in the light of recent mining disasters in the U.S. Back on the 30th of April, QMNM moved one step closer to mining coal with the announcement that it has obtained the approval of their ventilation plans from the Mine Safety and Health Administration (MSHA).

On May 7, QMNM announced that it had sent notification to the Mine Safety and Health Administration (MSHA) that it intended to soon start mining coal under their recently approved ventilation plan while the rehabilitation is being completed. By the company's account. coal should already be flying out of its mine in Eastern Kentucky. While we've seen no update in this regard, maybe the smart money knows something that we don't here. With today's run up coming on zero news, just think what a coal-producing announcement could do for the stock, short-term.

Coal Reserves May Be More Valuable Than Once Thought

If Quest does in fact own proven coal reserves that they are indeed about to prospect, said reserves may actually prove to be even more valuable than today's high prices would indicate. According to energyandcapital.com:

• The peak of world production is only ten to fifteen years away;
• The peak of U.S. production is in the past;
• Reserves have been overstated by as much as 90%;
• The media are still reporting that there will be abundant supplies for another 150 years, 200 years, or more;
• The reserve numbers from Asia are particularly suspect, some dating back to the 1960s. China hasn't reduced its reported reserve numbers in 15 years, even though we know they've produced some 20% of their reserves since then;
• For the last 20 years, all major coal-producing nations that have updated their reserve numbers have adjusted them downward. And in the last 25 years, the global total reserve estimate has been cut by 60%;
• In terms of coal production, China is the largest producer, and will hit its peak "within the next 5 to 15 years, followed by a steep decline." The U.S. is the second-largest producer at 30%, and will likely peak between 2020 and 2030;
• Total global reserves: about 909 billion tons. A little more than half of that is the good, high-energy stuff, and the rest is low grade;
• About 90% of all coal in the world is in just six countries: the U.S., which has the most, plus Russia, India, China, Australia and South Africa; and
• The absolute peak of global coal production will likely be around 2020 . . . approximately ten years, maybe less, after the global peaks of oil and gas.

After a record day in the market on the 19th, the world is certainly watching this morning as Quest Minerals and Mining gears up for another session of trading.

As the buzz around coal continues to build and weekly volume picks up in Quest as a result, any news related to initial coal production could make the stock's 'thousandth of a penny' days a thing of the past. QMNM traded nearly 84 million shares and has already surpassed 274 million before Friday. Tomorrow could get quite interesting, folks.

Labels: OTC: QMNM, OTCBB: QMNM, QMNM, Quest Minerals and Mining Corp

Quest Minerals and Mining (OTCBB: QMNM) made public an opportunity on Tuesday that if brought to life, would have MASSIVE implications on the company’s future share price.

The emerging coal producer announced recently that it would soon be prospecting coal at its Kentucky mine that reportedly houses more than 3.7 million tons of coal reserves. According to the company, proper equipment is being shipped to the property right now in order to begin prospecting to fill an $8M purchase order.

On an even more promising note, Quest revealed earlier this week that a group in New Delhi, India has made a contingent offer to purchase up to 150,000 tons per month of metallurgical coal from the company at $114 per ton. That’s about $17M per month.

With shares now trading at a lowly $0.0035, if you believe in this opportunity even the slightest bit, I suggest weighing your own personalized risk/reward ratio here and contemplating getting in on this deal before final surveys are conducted and prospecting begins.

Labels: QMNM, Quest Minerals and Mining Corp

Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) appears to be pushing forward aggressively in their efforts to fulfil a recently stated PO that could be worth as much as $8M.

The company has reportedly acquired more mining equipment to begin excavation. The equipment is said to include a JOY continuous minor, a JOY shuttle car, and an SNS F488 scoop.

EIA Data
Data for: March 28, 2008
Report Released: March 31, 2008

The following average spot coal prices appear in the graphic below, for the previous and most recent weeks: (Dollars per Short Ton)
Week Ended	Central Appalachia 12,500 Btu, 1.2 SO2	Northern Appalachia 13,000 Btu, <3.0>	Illinois Basin 11,800 Btu, 5.0 SO2	Powder River Basin 8,800 Btu, 0.8 SO2	Uinta Basin 11,700 Btu, 0.8 SO2
15-Feb-08	$66.95	$70.00	$46.80	$13.10	$33.00
22-Feb-08	$84.30	$70.00	$46.80	$13.10	$33.00
29-Feb-08	$84.30	$78.00	$46.80	$14.05	$40.00
07-Mar-08	$84.30	$80.00	$46.80	$14.35	$40.00
14-Mar-08	$84.30	$80.00	$52.00	$14.05	$40.00
20-Mar-08	$84.35	$80.00	$52.00	$14.20	$40.00
28-Mar-08	$85.80	$110.00	$52.00	$14.55	$40.00

Commenting on the release, Everett Hampton, President of the company's contract mining group, White Star Mining, LLC., stated, ``We will soon be in the production phase of our endeavor. Quest has shown a real commitment to the project by adding this extra equipment. We now have all of the essential tools needed to fulfill the company's recent coal purchase order.''

Labels: QMNM, Quest Minerals and Mining Corp

With global energy consumption expected to grow by nearly 60% between 2004 and 2030, the need to both expand infrastructure and prospect more fuel sources is reaching paramount heights.

Two of our portfolio companies in the news today are positioning themselves to capitalize on the world's thirst for energy. Both out with announcements this morning that mark the dawn of a new day for each respective business.

Marmion Up's The Ante!

Marmion Industries Corp (OTCBB: MMIO) has just recently broken ground on a new state-of-the art facility which is expected to help the company meet rising demand for its products and also significantly improve efficiencies in a number of other key areas.

MMIO's recent growth and future prospects have created the need for the acquisition of 2.75 acres of property in order to build a brand spanking new 31,500 square foot manufacturing facility. The new Marmion compound will increase the company's production capabilities while acting as their international sales office and overall home base.

Quest Inks A Winner!

In other energy news, Quest Minerals and Mining Corp. (OTCBB: QMNM) announced a $8M purchase order today that has massive implications on the company's future. They did log less than $100K in revs last year, so this deal, if booked, is surely QMNM's crowing achievement to date.

The purchase agreement with Logan & Kanawha Coal Company, LLC specifies that the company - which by its own account has been serving the coal industry for over 80 years and has sold over 250,000,000 tons of coal in that time - will order as much as $8M worth of coal from Quest between now and December.

This would equate to revenues per share of about $.025. Thats almost 7 times its current trading price!

Cashing In On An Essential Commodity

Labels: Coal, Marmion Industries Corp., MMIO, QMNM, Quest Minerals and Mining Corp

Quest Minerals & Mining Corp. (OTCBB: QMNM) hit the presses with some rather positive news this morning.

The company announced that it has retained White Star Mining, LLC, of Kentucky, to conduct mining operations at their Pond Creek Mine at Slater’s Branch, Kentucky. According to the release, White Star has cumulatively amassed more than 50 years of mining experience and has already commenced preparations at the site. Limited operations are expected to begin next week.

Commenting on Today's news, Eugene Chiaramonte, Jr., President of Quest, stated, “We are very excited that White Star has agreed to conduct mining operations at the Pond Creek Mine. They have significant experience in the coal mining industry and have an excellent reputation for providing quality work. We are looking forward to having them as part of our team and we look forward to a prosperous relationship.”

If this relationship comes to fruition and production gets online here, current levels could prove to be quite laughable.

Labels: Coal, QMNM, Quest Minerals and Mining Corp

It is a new year and that time again to get back on the horse, lay out a plan and forge ahead with tenacity that hopefully lasts until March. By then, the gyms will be empty again, sales of the great classics of literature will decline and people's incentive to improve their lives by organizing the garage will peter away just in time for spring carelessness.

Labels: Coal, QMNM, Quest Minerals and Mining Corp