Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, announced today that it has added a JOY (64'' Bed) 21SC shuttle car to its underground operations.
Everett Hampton, President of Whitestar Mining, LLC., commented, "This second shuttle car will help increase our production immensely, as it cuts down the time needed to move coal from the mine face to the belt feeder. Before, we had to periodically pause operations to wait for coal to be cleared away from the miner. Since this shuttle car holds up to five (5) tons working alongside our first shuttle car, holding up to four (4) tons, we can now maintain our production efforts with much less down time."
Eugene Chiaramonte, Jr., President of Quest, stated, "Our main goal is to mine coal. We will continue to make the necessary adjustments until the volume levels exceed our expectations."
For more information visit: http://www.outcasttrader.com or http://www.questmining.net.
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.
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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Quest Minerals & Mining
Outcast Communications Investor Relations: Keith Reinhardt 858-509-9900, ext. 13
You gonna play GM on .50 dips or hold for more? I'd be tempted to play the .50 dips myself...market is bouncy enough as is, might as well not risk it jumping up a dollar and tying up loot for too long. ;)
3 comments:
Kind of a bang (not a big one though)...
Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, announced today that it has added a JOY (64'' Bed) 21SC shuttle car to its underground operations.
Everett Hampton, President of Whitestar Mining, LLC., commented, "This second shuttle car will help increase our production immensely, as it cuts down the time needed to move coal from the mine face to the belt feeder. Before, we had to periodically pause operations to wait for coal to be cleared away from the miner. Since this shuttle car holds up to five (5) tons working alongside our first shuttle car, holding up to four (4) tons, we can now maintain our production efforts with much less down time."
Eugene Chiaramonte, Jr., President of Quest, stated, "Our main goal is to mine coal. We will continue to make the necessary adjustments until the volume levels exceed our expectations."
For more information visit: http://www.outcasttrader.com or http://www.questmining.net.
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.
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.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Quest Minerals & Mining
Outcast Communications
Investor Relations:
Keith Reinhardt
858-509-9900, ext. 13
Saw that this AM bud. At least it's something. BK hearing is today for Eugene. Bounced nice so far instead of heading sub .01!!!!!
You gonna play GM on .50 dips or hold for more? I'd be tempted to play the .50 dips myself...market is bouncy enough as is, might as well not risk it jumping up a dollar and tying up loot for too long. ;)
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