Quest Minerals & Mining Completes Rehabilitation at Pond Creek Mine at Slater's Branch.
SPONSOR ADS
Aug 6, 2007PATERSON, N.J. -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that it is fully completed the rehabilitation of the Pond Creek Mine at Slater's Branch and is mining and shipping coal at full production at the mine.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we have completed the rehabilitation of the Pond Creek Mine, and we are now able to focus our resources on coal production. We are now producing 500 to 700 tons of coal per day, which equates to 10,000 to 14,000 tons per month, at the new mine face. As we continue to mine the new face, we anticipate that production could increase, with one labor shift, to 1,000 tons of coal per day in the near future. Coal demand for the low sulfur coal being produced at the Pond Creek seam remains strong, and we are shipping coal to our customers as fast as we can produce it.
"We are now moving to establish a second shift at the mine to allow us to reach our goal of 20,000 tons per month. We continue to target Labor Day to reach this goal. In addition, we will now be able to accelerate the process of reopening the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch."
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.
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.

