PATERSON, N.J., Aug. 21, 2008 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky-based operator of energy and mineral related properties, announced today that in addition to supplying their mine with various transportation components, the Company plans to split their beltline so that it is powered by two head drives instead of just one.
Everett Hampton, President of Whitestar Mining, LLC, commented, "We have now moved our second shift into full production and added two extra man-trips to the location. This allows faster travel time to and from the mine face in order to retrieve parts; or just relocate crewmembers to other sectors of the operation. Less walking means more production. Also, we plan to split the beltline to install another head drive motor midway through the infrastructure, which will create less wear and tear over the long haul, as well as help accommodate our production goals of 2,000 raw tons per day."
Eugene Chiaramonte, Jr., President of Quest, stated, "My visit this week has addressed many of the issues concerning our ability to mine coal efficiently. Splitting the beltline and adding the man-trips were the two most sensible approaches to achieving our goals. White Star is doing an incredible job setting the mine up for long term production. I am very pleased with the result thus far."
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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.
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.