PATERSON, N.J., Sept. 14, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky-based operator of energy and mineral related properties, today announced its Joy 14-9 miner is now underground and in production, along with their Joy 14-10 miner.
Eugene Chiaramonte, Jr., President of Quest, commented, "I am pleased with the production reports of the last four days of mining at our Gwenco mining property. Even though we still have a few obstacles to overcome, we are now producing 800 to 1,000 raw tons per shift, and in the next couple of weeks we expect to reach our goal of 1,300 to 1,500 raw tons per shift as the height of the coal seam increases according to our core hole report indications. We also expect to have our third shuttle car underground this week, which will also increase 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.