PATERSON, N.J., Oct. 15, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky-based operator of energy and mineral related properties, today announced that the coal seams operated under their wholly owned subsidiary, Gwenco, Inc., which are carved across six separate directional headings, have increased in height ranging from 28" to 35", to a now 40" to 44."
Eugene Chiaramonte, Jr., President of Quest, noted, "This is what we have been waiting for since production recommenced back in March. Better recovery output, in addition to less trucking costs, as well as reduced wear and tear on the mining equipment, will ultimately increase gross profits. Since coal is much softer and lighter than rock, less breakdown is likely to occur going forward, resulting in higher production efficiency."
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.