U.S. Mine Safety and Health Administration Completes Mine Reopening Inspection of Quest Minerals & Mining's Pond Creek Mine
Thursday March 15, 6:00 am ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMG - News; Frankfurt: QMN.F - News), a Kentucky based operator of energy and mineral related properties, today announced that the U.S. Mine Safety and Health Administration has completed its mine reopening inspection of the company's Pond Creek Mine at Slater's Branch, Kentucky. As a result of the completion of the completion of the inspection, General Mining has moved its equipment and supplies into the Pond Creek mine and has begun rehabilitating the mine. In addition, General Mining has received a temporary permit from the Kentucky Department of Natural Resources to conduct the coal mining operations at the Pond Creek Mine.
Rodney A. Robinson, President of General Mining, Quest's mine operator, stated, "The Mine Safety and Health Administration has completed its reopening inspection and has provided us with a list of rehabilitation items that need to be completed. We have started working on these rehabilitation items, and we believe that we can complete these items in the next 30 days. Once we have completed this rehabilitation, we can begin mining coal at Pond Creek."
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased with the progress we have made in reopening the Pond Creek Mine. General Mining has done an excellent job so far in ensuring that the rehabilitation is completed as quickly as possible so that we can start mining again."
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. The company's wholly-owned subsidiary, Gwenco, Inc., 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. 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.
Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035
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Source: Quest Minerals & Mining Corp.
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