PATERSON, N.J., Sept. 3, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced the appointment of James Duncan to its Board of Directors.
Since 2003, Mr. Duncan has been VAT Manager at Sempra Energy Europe, a leading multi-commodity trading company in Europe that transacts extensively in power (including emissions), gas, coal, and oil markets. He has also been a VAT Manager at a number of energy firms, including Williams Energy Marketing & Trading Europe Limited, Enron Europe, Ltd., and Louis Dreyfus Energy, Ltd.
From 2001 to 2004, Mr. Duncan worked with PricewaterhouseCoopers in the United Kingdom to recover VAT credits on behalf of Enron lendors from around the European Union. In that effort, Mr. Duncan recovered significant amounts of VAT for PricewaterhouseCoopers, which was ultimately distributed to Enron creditors.
Mr. Duncan has also previously worked at Ernst & Young and Wagstaffs Chartered Accountants. Mr. Duncan received his Bachelor of Arts in Accountancy from Stirling University in 1988.
Eugene Chiaramonte, Jr., President of Quest, commented, "We are extremely pleased to welcome James to the Quest Board of Directors. He brings a wealth of experience in both finance and accounting with him, which are areas upon which we can improve. He also has extensive knowledge and experience in the energy markets, and he will be an immediate, valuable, and contributing member of our Board."
It is anticipated that, upon establishment of an Audit Committee, Mr. Duncan will be appointed Chairman of the Audit Committee.
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.