PATERSON, N.J., Feb. 14, 2008 (PRIME NEWSWIRE) -- Quest
Minerals & Mining Corp. (OTC BB:QMNM.OB
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News) (Frankfurt:QMNB.F
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News), a Kentucky based operator of energy and
mineral related properties, today announced its new contractor, White Star
Mining, has completed all of the permit requirements to conduct coal mining at
the Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by
Quest's wholly owned subsidiary, Gwenco, Inc., and allows for mining operations
to recommence at the Pond Creek Mine.
Eugene Chiaramonte, Jr., President of Quest, stated, ``The
transferred permit will allow the company to resume its production, which is
scheduled for the middle of March 2007. Even with the recently increased
coal prices, the Pond Creek mine's lower sulfur should yield a higher
commodity market value due to its inherent blending capabilities.''
Gwenco currently leases over 600 acres of coal mines that have
approximately 12,999,000 tons of coal; 9,000,000 of which are proven
reserves.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and
mineral related properties in the southeastern part of the United States.
Quest focuses its efforts on properties that produce quality compliance
blend coal. For more information on Quest Minerals & Mining Corp., please
visit our website at
http://www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although Quest believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be
achieved. Factors that could cause actual results to differ from
expectations include, but are not limited to, lack of revenue producing
operations, lack of working capital, debt obligations, judgments and lien
claims against Quest and certain of its assets, difficulties in refinancing
short term debt, difficulties identifying and acquiring complementary
businesses, fluctuations in coal, oil & gas, and other energy prices,
general economic conditions in markets in which Quest does business,
extensive environmental and workplace regulation by federal and state
agencies, other general risks related to its common stock, and other
uncertainties and business issues that are detailed in its filings with the
Securities and Exchange Commission.
Contact: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Source:
Quest Minerals and Mining
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