Quest Minerals & Mining Corp. (OTCBB: QMMG; Frankfurt: QMN.F), a Kentucky based operator of energy and mineral related properties, today announced that it has received a permit from the Kentucky Department of Natural Resources to conduct coal mining at its Pond Creek Mine at Slater's Branch, Kentucky. The mining permit is held by Quest's wholly-owned subsidiary, Gwenco, Inc., and allows Gwenco to recommence mining operations at the Pond Creek Mine.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are very pleased that we have received the required mining permits, which allow us to recommence mining operations at our Pond Creek mine at Slater's Branch. We believe that obtaining this permit is perhaps the most significant step we have taken in our efforts to start mining again.
"We now intend to complete the rehabilitation of the mine, including pumping the mine free of water and taking other steps necessary for the mine to be ready for operation."
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.questminerals.com.
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.
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035