PATERSON, N.J., March 28, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining
Corp. (OTC BB:QMNM.OB -
News) (Frankfurt:QMNB.F
- News), a Kentucky based
operator of energy and mineral related properties, announced today its Pond
Creek mine (GWENCO) has passed its triple A inspection with federal mine
inspectors, which will allow the conclusion of its rehabilitation, bringing the
mine to its final inspection before mining operations are started.
White Star Mining, our new contractor, has begun moving their equipment
onto the face of the mine including its JOY 14-10 continuous miner. The JOY
miner (state of the art for coal mining) can mine up to 1,000 tons per
shift, or over 40,000 tons per month on a two-shift operation.
The Pond Creek seam is widely mined in the area as a ``super compliance''
or metallurgical blend coal. According to Eugene Chiaramonte, Chairman of
QMNM, ``With inherent sulfur below 0.6% and over 13,000 BTUs as clean coal,
the Pond Creek is in demand in this coal market. We have serious bids for
orders and are looking forward to shipping in spring.''
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 and 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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