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, announced today that federal and state inspection agencies have completed their Triple A inspection of Quest's Pond Creek Mine at Slater's Branch for the second quarter of 2007. Quest is pleased to report that it is fully compliant with the requirements of the inspection.
Quest also reported that it is continues to forecast that the rehabilitation of the mine will be complete by the end of July. Towards that end, Quest is preparing to move its equipment and operations to the new mine face for increased coal production.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to report that we passed our Triple A inspection by the federal and state inspection agencies at the mine. We are making significant progress towards our goal of complete rehabilitation by the end of July, and we continue to believe that the rehabilitation will be complete by that time. Based on our discussions with our brokers, we believe that coal demand remains strong for the low sulfur coal being produced at the Pond Creek seam. Our research also indicates that there continues to be high demand for the metallurgical blend coal available at our Lower Cedar Grove seam."
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. Quest leases over 700 acres of coal mines, with approximately 12,999,000 tons of coal in place in six seams. 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.
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