PATERSON, N.J., Feb. 14, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, today announced its new contractor, White Star Mining, has completed all of the permit requirements to conduct coal mining at the Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by Quest's wholly owned subsidiary, Gwenco, Inc., and allows for mining operations to recommence at the Pond Creek Mine.
Eugene Chiaramonte, Jr., President of Quest, stated, "The transferred permit will allow the company to resume its production, which is scheduled for the middle of March 2007. Even with the recently increased coal prices, the Pond Creek mine's lower sulfur should yield a higher commodity market value due to its inherent blending capabilities."
Gwenco currently leases over 600 acres of coal mines that have approximately 12,999,000 tons of coal; 9,000,000 of which are proven reserves.
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.