PATERSON, N.J., July 14, 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, is very pleased to announce
that its contract mining group, Whitestar Mining, LLC., is in the process of
taking the initial steps necessary to open the Cedar Grove mines.
Representatives from both Quest and Whitestar plan to convene over the weekend
to finalize all terms of the mining agreement.
Whitestar CEO Dan Hampton has agreed to begin the initial phases of
licensing including the preparation of relevant state and federal paperwork.
``The Cedar Grove mine is in far better shape than our Pond Creek location
prior to its rehabilitation. While it took five months to rehabilitate Pond
Creek, we anticipate bringing Cedar Grove online in a far timelier manner.
With production now running smoothly at Pond Creek, we are able to shift our
focus towards bringing Cedar Grove into production mode. In addition, the
mining conditions at the new site are ideal. The seam is 50 inches in height
and very little rehab work is expected to be required prior to begin mining.
I know that Cedar Grove will be a great mine,'' said Whitestar CEO Dan
Hampton.
Eugene J.Chiaramonte Jr. President of Quest Minerals and Mining Corp.
stated, ``I am extremely pleased with Whitestar's ability to produce coal at
our Pond Creek location and have absolute confidence in their ability to
bring our Cedar Grove property online in the near future. Initial reports
reveal that the Cedar Grove mines house a higher quality, higher value Met
coal than what is currently being prospected at Pond Creek. In response to
this finding, I am very excited about the opportunity to bring this mine
into full production and enter into a new and lucrative segment of the coal
market by doing so.''
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: Outcast Communications
Investor Relations:
Keith Reinhardt
858-509-9900, ext. 13
Source:
Quest Minerals & Mining
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