Quest Minerals & Mining Commencing Final Preparations for Pond Creek Mine at Slater's Branch.
SPONSOR ADS
Apr 12, 2007PATERSON, N.J. -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, today announced that they are in the final stages of completing the preparations needed to commence operations at their Pond Creek mine at Slater's Branch, Kentucky.
Rodney A. Robinson, President of General Mining, Quest's mine operator, stated, "With the installation of new 4 OTT cable and the 15 KVV power center, we intend to move our Fletcher DD-13 double headed roof bolter and Joy 14-10 continuous miner into the mine by weeks end. This will put us on the coal face by early next week."
Eugene Chiaramonte, Jr., President of Quest, stated, "The completion of the rehabilitation of our Gwenco mine at Slater Branch marks a further step in the come back of the company to enter a strong energy market. Last week samples tested by Standard Labs of Whitesburg KY showed BTU values of over 13,000 and sulfur below 0.6% (six tenths of one percent) sulfur. These values place the coal in the "super compliance" coal category. Recent inquires by large coal buyers place the market value of this run of mine product (with premiums) in the low \$60/ton range." Mr. Chiaramonte went on to say, "We have ordered a core drill program to further delineate the seam thickness ahead of the miner. Based on prior cores we are driving toward 40" coal. We will also test the Taylor seam within our boundary in this core program. Based on a T&J Engineering report in 2003 there is over 1,700,000 tons of Taylor in place."
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. The company's wholly-owned subsidiary, Gwenco, Inc., currently leases over 600 acres of coal mines that have approximately 12,999,000 tons of coal; 9,000,000 of which are proven reserves. 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

