PATERSON, N.J., Aug. 14, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky-based operator of energy and mineral related properties, announced today that it has begun to transport certain equipment needed to commence future operations on its Lower Cedar Grove seam.
Everett Hampton, President of Whitestar Mining, LLC, commented, "We plan to excavate the site location so that the property is graded properly for our mining crew to set up operations. Prior operations at this mine have established production levels of 2,000 to 2,500 raw tons per day. So we are eager to reach these target goals as well."
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited about reopening this mine because the coal seam here is approximately 50 inches in height and contains metallurgical qualities. With today's metallurgical prices rising in excess of $180 a ton, this makes for an attractive blending option within the marketplace. In addition, having Massey Energy (NYSE:MEE) adjacent to our properties just adds credibility to the coal in this area."
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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.
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.