Quest Minerals & Mining Set for Production Pending Final Directional Engineering Reports
PATERSON, N.J., July 2, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), announced today that its Pond Creek Location is ready to commence coal production operations pending the issuance of final directional engineering reports "spats" by its internal engineering firm, Alchemy Engineering. Management expects said reports to be issued by July 9, 2008 and plans to update the public with production numbers in the coming weeks.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I am pleased to announce that we now have the equipment and people in place today to initiate mining operations at our Pond Creek Location. Given the fact that the Independence Day holiday is upon us, we have experienced a slight delay in obtaining final directional engineering reports from our engineering firm, which are expected early next week. Once received, we can then move on to production stage."
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 http://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.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
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