PATERSON, N.J., June 26, 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 that their
contract mining group, Whitestar Mining, LLC. will be making the final
maintenance and equipment repairs necessary to gear up for the upcoming coal
mining stage. The company is currently preparing to mine its Pond Creek
location, held under its wholly owned subsidiary, Gwenco, Inc.
Everett Hampton, President of Whitestar Mining, LLC., stated, ``Upon
review of the mine maps, all rehabbed areas should be 100% complete pending
no major complications by early next week. We are at a point now where we
need to repair and touch up our equipment so that we can meet the expected
production goals of 1,200 to 1,500 tons per day as determined when we first
took on this project. We have accomplished what other contract miners have
avoided for the last 5 years. It was not easy or inexpensive, but its
ultimately nearing fruition. The rock and metal left in the roof that needed
to be cut down has been some of the toughest work I have experienced in my
25 years as a coal miner. This is a great coal mine, with many years of
production.''
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp.,
stated, ``I am proud that we have persevered through the rehab phase, and
have taken the time to do it right. I have been receiving calls daily with
offers to procure our coal. The local coal buyers visit the mine weekly to
see what we have achieved. Everyone is excited and pleased. We are finally
ready to move forward and I believe 100% in Whitestar's ability to get the
job done.''
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 & Mining
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