PATERSON, N.J., July 15, 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 wholly owned subsidiary, Gwenco, Inc. has hired a crew of maintenance
personnel to work the second shift at its Pond Creek location.
Everett Hampton, President of Whitestar Mining, LLC. commented, ``The
company plans to expedite production as quickly as possible in an effort to
bring its Pond Creek mine up to previously stated expectations of between
1,500 - 2,000 raw tons of coal per day and I believe that utilizing a second
shift of maintenance personnel is a very positive step in the right
direction. Employing this maintenance team will enable the first shift of
miners to commence production operations immediately at the start of each
day without being hampered with the task of performing their own maintenance
and preparation, which can potentially consume hours of a typical work
shift.''
Eugene J.Chiaramonte Jr., President of Quest Minerals and Mining Corp.,
stated, ``I am excited to report that we have employed a shift of
maintenance workers at our Pond Creek location so quickly. This move is
expected to allow our first shift personnel to mine coal without focus on
additional, often time consuming tasks. Given the extremely favorable
conditions currently present in the coal market, we are anxious to bring the
mine into full production mode as soon as possible.''
For more information visit:
http://www.outcasttrader.com or
http://www.questmining.net.
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.
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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