Quest Minerals & Mining Submits Application for Mining Permit, Starts Rehabilitation of Pond Creek Mine
Thursday October 12, 11:29 am ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMG - News), a Kentucky based operator of energy and mineral related properties, today announced that it has taken another significant step towards recommencing mining operations by submitting its application applied with the Kentucky Department of Natural Resources to renew the mining permit of its wholly-owned subsidiary, Gwenco, Inc. Gwenco is required to obtain this permit in order to recommence mining operations at its Pond Creek Mine at Slater's Branch, Kentucky.
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In addition, Quest has started rehabilitation of the Pond Creek Mine so that it is ready to be mined in the event that it receives the required regulatory approval. This rehabilitation includes pumping the mine free of water and other steps necessary for the mine to be ready for operation.
Eugene Chiaramonte, Jr., President of Quest, stated, "Submitting the permit applications is a critical and significant step in recommencing mining operations at our Pond Creek mine at Slater's Branch. We hope to complete the permit application process quickly to allow us to recommence mining operations at the Pond Creek mine. In addition, we have started rehabilitating the mine so that we will be able to recommence mining operations as quickly as possible."
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 contact their public relations group: Equiti-Trend at 858-436-3350.
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.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035
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