Quest Minerals & Mining Reveals Opportunity for Global Expansion
Tuesday April 8, 7:12 am ET
PATERSON, N.J, April 8, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTC BB:QMNM.OB - News) (Frankfurt:QMNB.F - News), a Kentucky based operator of energy and mineral related properties, announced today that a group in New Delhi, India has made a contingent offer to purchase up to 150,000 tons per month of metallurgical coal from the company at $114 per ton.
The company's Lower Cedar Grove mine, held under its wholly owned subsidiary, Gwenco, Inc., has over 3.7 million tons of coal reserves with certain metallurgical characteristics.
Eugene J. Chiaramonte, Jr., President of Quest Minerals & Mining Corp., stated, ``Of course, our discussions are preliminary. They will have to conduct independent sample studies to confirm that the metallurgical qualities within our coal meet their standards. However, the opportunity is real.''
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2 comments:
BANG!
Unless he skirts around it, I'm sure someone will ask the question.
Oil down again and futures up (so far)...maybe the opposite of yesterday = gap up then head down? All of a sudden buckys strong too - whew - glad all is well in the financial world now...might be another day of adding and no booking...
I'm hoping for the gap up then head down. And for 0il to get it's a$$ moving!!!!!!
Need some early books somewhere as i gots a bunch underwater. Not that i'm not 100% positive they'll end up green.
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