Quest Minerals & Mining Adds Additional Equipment in Anticipation of Increased Coal Production
Wednesday, July 11, 2007 17:00ET
PATERSON, N.J., Jul 11, 2007 (BUSINESS WIRE) -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that it is adding additional mining equipment to its Pond Creek Mine at Slater's Branch in anticipation of increased coal production. Quest is currently completing its rehabilitation of the mine, which would allow Quest to significantly increase its coal production.
The new equipment being installed is a coal separation unit fabricated by Work Welding of Pisnon Fork, Kentucky. Workmen Welding specializes in specialty fabrication products for enhanced recovery at coal mines.
Eugene Chiaramonte, Jr., President of Quest, stated, "With this new equipment, we believe that we can increase the coal quality that is shipped to the preparation plant by up to 30%, which should increase the value of raw tonnage shipped by over $5.00 per ton. We also expect that this would reduce trucking costs by over 20%. If we are able to increase our production to our goal of an average of 20,000 tons per month, we expect that the increased productivity from this equipment could improve our results of operation by up to $200,000 per month."
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.
PATERSON, N.J., Jul 19, 2007 (BUSINESS WIRE) -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that federal and state inspection agencies have completed their Triple A inspection of Quest's Pond Creek Mine at Slater's Branch for the second quarter of 2007. Quest is pleased to report that it is fully compliant with the requirements of the inspection.
Quest also reported that it is continues to forecast that the rehabilitation of the mine will be complete by the end of July. Towards that end, Quest is preparing to move its equipment and operations to the new mine face for increased coal production.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to report that we passed our Triple A inspection by the federal and state inspection agencies at the mine. We are making significant progress towards our goal of complete rehabilitation by the end of July, and we continue to believe that the rehabilitation will be complete by that time. Based on our discussions with our brokers, we believe that coal demand remains strong for the low sulfur coal being produced at the Pond Creek seam. Our research also indicates that there continues to be high demand for the metallurgical blend coal available at our Lower Cedar Grove seam."
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. Quest leases over 700 acres of coal mines, with approximately 12,999,000 tons of coal in place in six seams. 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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Definately not a holding stock... more or less a stock to play at get in at .0042 out at .0045 3point play is always good
Posts: 337 | From: Pensylvania | Registered: Apr 2004
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Quest Minerals & Mining to Start Full Coal Production at Pond Creek Mine at Slater's Branch
Friday , July 27, 2007 16:47ET
PATERSON, N.J., Jul 27, 2007 (BUSINESS WIRE) -- Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, announced today that it is ready to start mining the new mine face at its Pond Creek Mine at Slater's Branch on Monday, July 30, 2007. Quest has completed its equipment installation at the new mine face and has completed its surveys on the new mine face location. It has also completed a sufficient enough portion of the rehabilitation to commence higher productivity operations.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we are now at the new face at the Pond Creek Mine and are ready to start mining significant amounts of coal. During the ongoing rehabilitation, we have been producing 150 to 300 tons per day, as we needed to spend a substantial portion of our resources for rehabilitation and compliance with federal and state inspection agencies. We have substantially completed the rehabilitation, and we have completed our equipment installation and necessary surveys to mine the new mine face. We can now shift our primary focus from rehabilitation to coal production. The residual rehabilitation required should not interfere with production and should be complete by the end of next week.
"With this achievement, we anticipate that we will start producing between 500 to 700 tons of coal per day, starting Monday. This equates to 10,000 to 14,000 tons per month.
"As a result of this accomplishment, we now seek to establish a second shift at the mine to allow us to reach our goal of 20,000 tons per month. We are currently targeting Labor Day to reach this goal, and we believe that, with the progress we have made, we will reach that goal. In addition, this breakthrough will allow us to move forward with our plans to reopen the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch."
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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Quest Minerals & Mining Adds Equipment to Increase Coal Production
Wednesday, October 17, 2007 06:00ET
PATERSON, N.J., Oct 17, 2007 (BUSINESS WIRE) -- Quest Minerals & Mining Corp. (OTCBB: QMMC; Frankfurt: QMNA.F), a Kentucky based operator of energy and mineral related properties, announced today that it has acquired an additional Joy 14-10 miner for its Pond Creek Mine at Slater's Branch pursuant to a lease with an option to buy.
The miner has been installed at the mine face and will begin operating today. The Joy 14-10 miner has been refurbished and is capable of mining over 20,000 raw tons of coal per month. The miner has an enhanced scrubber system, which is designed to reduce dust at the head in order to increase visibility for the operator.
From the mine site, Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased to report that we have acquired and installed an additional Joy 14-10 miner. This acquisition gives us two operational 14-10 miners at Slater's Branch, which should eliminate down time and increase operating efficiency."
"In addition, our mining conditions have improved due to what is known as 'draw rock' thinning," Chiaramonte continued. "'Draw rock' is the loose roof rock that falls and adds ash content to the coal. Based on core hole samples, we believe that we are headed to mining conditions that will have reduced ash content due to the elimination of the 'draw rock.'
"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."
Quest also announced that it continues to move forward with its plans to re-open the Lower Cedar Grove seam, located in Slater's Branch, and the Taylor seam, located in Hurricane Branch. Samples indicate that the Lower Cedar Grove seam will produce metallurgical blend coal, and Quest's market research indicates that there is high demand for this type and quality of coal.
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.