QMNM News Quest Minerals & Mining Announces Rapidly Approach...
Friday, June 20, 2008 7:32 AM
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News for 'QMNM' - (Quest Minerals & Mining Announces Rapidly Approaching Production Phase)
PATERSON, N.J., Jun 20, 2008 (PrimeNewswire via COMTEX) -- Quest Minerals &
Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy
and mineral related properties, announced today that it is diligently working to
conclude their final stages of rehabilitation so that they can move into full
production. The company is currently preparing to mine its Pond Creek location,
held under its wholly owned subsidiary, Gwenco, Inc.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp.,
stated, " I have spent many hours underground to ensure that we are mining as
soon as possible. Despite some minor encounters related to equipment delays, our
long awaited production phase is imminent. Pending any unaccountable obstacles,
we expect to be ready for production within a week to two weeks. The company is
eager to launch its $8 million contract fulfillment with Logan & Kanawha Co.,
LLC. We will provide continual updates as production incurs."
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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Quest Minerals & Mining
By Staff
CONTACT: Quest Minerals & Mining Corp. Eugene Chiaramonte, Jr. 973-684-0035
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Mining & Metals
SUBJECT CODE: MINING
METALS
Product Services Announcement
Source: Comtex Wall Street News
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