Quest Minerals & Mining Commences Shipping Low Sulfur Compliance Coal From Pond Creek Mine
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May 23, 2007Quest Minerals & Mining Commences Shipping Low Sulfur Compliance Coal From Pond Creek Mine at Slater's Branch.
PATERSON, N.J. -- Quest Minerals & Mining Corp (OTCBB: QMMG; Frankfort QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that it will commence shipping commercial low sulfur coal from its Pond Creek mine at Slater's Branch, Kentucky to three separate purchasers.
Stock pile analysis performed by Standard Labs of Whitesburg, Kentucky showed sulfur content of 0.42%, one third (1/3) of the EPA compliance coal standards of 1.20%. This puts the coal in what the industry refers to as "super compliance coal" for blending down higher sulfur coal seams.
Gene Chiaramonte, President of Quest, stated, "We are pleased that the run of mine coal establishes the low sulfur and desirable compliance nature of this coal. Indeed, we believe that purchasers will put this coal in their 'super compliance' stock piles to blend with higher sulfur coal. Out of the three proposed purchasers, we intend to develop several long term relationships to maximize the revenues from this coal. With the proposed development of the Lower Cedar Grove seam this summer, which has over 2,000,000 tons of coal in place, we look forward to building a substantial sales base. Recent tests of this seam shows a fluidity of over 1,500 and 13,800 BTUs, making it a great met blend product. "
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 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.
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