News out! Quest Minerals & Mining Nears Completion of Rehabilitation
a Kentucky based operator of energy and mineral related properties, announced today that it is nearing completion of the rehabilitation of its Pond Creek Mine at Slater's Branch. Completion of the rehabilitation would allow Quest to significantly increase its coal production.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we are close to completing rehabilitation of the Pond Creek Mine. Barring any unforeseen delays, we believe that the rehabilitation will be completed by the end of July. Once we complete the rehabilitation, we expect that our production of raw tonnage should exceed 10,000 raw tons per month. Our goal remains to continue to increase our production until we reach an average of 20,000 tons per month from the Pond Creek seam. We continue to achieve premium pricing for our coal, above spot market prices, due to its quality in terms of BTUs, inherent ash, and sulfur content, and we expect that we will be able to continue to achieve strong pricing as production continues.
"In addition to getting Pond Creek to this production level, we are continuing to seek to reopen the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch," said Chiaramonte. Quest and its contract miner, General Mining, are in the process of seeking all required permits and approval to reopen the Lower Cedar Grove mine.
