PATERSON, N.J., March 2, 2010 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced the addition of another Joy 14-9 miner to be incorporated as part of their main operational equipment line.
The recent equipment upgrade replaces an existing Joy 14-10 and is intended to operate in conjunction with their other Joy 14-9 miner, which was previously integrated last year.
Eugene Chiaramonte, Jr., President of Quest, commented, "Having two miners of the same caliber is very beneficial from an operations standpoint. Both pieces of machinery are now each capable of generating between 1,300 and 1,500 raw tons of coal in an eight hour period. Having the two miners working in cycle also allows for less downtime. While one machine sets up for a heading change, the other miner continues on with coal production. Additionally, similar mechanical specs allow for interchangeable replacement parts, which can be helpful with repair delays. With the price of coal starting to rise once more, we are already starting to see an increased demand for our metallurgical compatible grade coal. This miner brings us one step closer to meeting our goal of 10,000 clean tons 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 http://www.questmining.net/ 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.