Quest Minerals & Mining Retains General Mining to Conduct Mining Operations at Pond Creek Mine.
SPONSOR ADS
Mar 6, 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 it has retained General Mining, LLC, of Wallins, Kentucky, to conduct mining operations at the company's Pond Creek Mine at Slater's Branch, Kentucky.
Rodney A. Robinson, President of General Mining, stated, "We are pleased to have this opportunity to partner with Quest and to bring this mine back into full production. My partners and I have over sixty years of mining experience and find this project one of our most exciting. With millions of tons to be mined at Pond Creek and the Lower Cedar Grove above, we look forward to many years of working with Quest on this project."
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited that General Mining has agreed to conduct mining operations at the Pond Creek Mine. General Mining has significant experience in the coal mining industry and has an excellent reputation for providing quality work. We are looking forward to having General Mining as part of our team and we look forward to a prosperous relationship."
General Mining has begun delivering equipment and supplies to the Pond Creek mine. Quest and General Mining are in the process of obtaining all required regulatory approvals and permits in order to recommence mining operations with General Mining as the contract miner. At this time, the U.S. Mine Safety and Health Administration has approved the company's mine plans and are in the process of conducting a mine reopening inspection. Once all regulatory approvals and permits are obtained and the rehabilitation of the mine is completed, General Mining will commence mining operations.
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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