U.S. Mine Safety and Health Administration Completes Mine Reopening Inspection of Quest Minerals & Mining's Pond Creek Mine.PATERSON, N.J. -- Quest Minerals & Mining Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : QMMG; Frankfurt: QMN QMN Quietly Making Noise, LLC QMN Quasi-Minimum Noise QMN Queue Monitor .F), 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 Reopening Treasury offerings of additional amounts of outstanding issues, rather than an entirely new issue. A reopened issue will always have the same maturity date, CUSIP number, and interest rate as the original issue. 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 Many sub-national governments have a Department of Natural Resources or similarly-named organization:
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 rehabilitation: see physical therapy. 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Refinancing An extension and/or increase in amount of existing debt. 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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