Quest Minerals & Mining Continues to Upgrade Equipment
March 02 2010 - 1:00AM
Quest Minerals & Mining Corp. (Pink Sheets:QMIN)
(Frankfurt:QMN9), a Kentucky based operator of energy and mineral
related properties, today announced the addition of another Joy
14-9 miner to be incorporated as part of their main operational
equipment line.
The recent equipment upgrade replaces an existing Joy 14-10 and
is intended to operate in conjunction with their other Joy 14-9
miner, which was previously integrated last year.
Eugene Chiaramonte, Jr., President of Quest, commented, "Having
two miners of the same caliber is very beneficial from an
operations standpoint. Both pieces of machinery are now each
capable of generating between 1,300 and 1,500 raw tons of coal in
an eight hour period. Having the two miners working in cycle
also allows for less downtime. While one machine sets up for a
heading change, the other miner continues on with coal
production. Additionally, similar mechanical specs allow for
interchangeable replacement parts, which can be helpful with repair
delays. With the price of coal starting to rise once more, we
are already starting to see an increased demand for our
metallurgical compatible grade coal. This miner brings us one
step closer to meeting our goal of 10,000 clean tons per
month."
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.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035