PATERSON, N.J., Feb. 25, 2010 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced coal revenues of $294,700 for the month of January 2010. Quest's operating subsidiary, Gwenco, Inc., produced and shipped 10,900 gross tons for the month, resulting in sales of 4,300 clean tons of coal. These results more than double the company's reported January 2009 revenues of $133,400 but are slightly less than the coal revenues of $350,000 reported for the month of December 2009.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to see that the company is currently on an improved growth rate in 2010 as compared to the start of our 2009 fiscal year. Even with a slow start to our production this year, we have managed to maintain an increased pace when compared to last year's efforts. We continue to work towards our production goal of 10,000 clean tons per month."
Quest also stated that it anticipates announcing its complete 2009 operating results between March 31 and April 15, 2010.
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/">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.