QUEST MINERALS+MNG (Part 2)

PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMC; Frankfurt: QMNA.F), a Kentucky based operator of energy and mineral related properties, today announced that its previously announced 1-for-10 reverse split of its common stock will be effective at the market open on Friday, December 14, 2007. At that time, the shares will begin trading on the OTC Bulletin Board on a split adjusted basis under the symbol “QMNM.OB.”

The Quest reverse stock split initially will result in a higher share price. This is expected to enhance the Company’s ability to raise capital, broaden its appeal to investors, reduce per share transaction fees, and reduce certain administrative costs.

The reverse split will reduce the number of issued and outstanding shares of the Company's common stock from approximately 353 million to approximately 35.3 million. The number of authorized shares of common stock will remain unchanged at 975 million.

Information for Stockholders

As a result of the reverse stock split, stockholders will receive one new share of common stock for every ten shares held. Registered holders may request a letter of transmittal from the Company or its transfer agent, Nevada Agency & Trust Company, for the exchange of stock certificates. Stockholders with shares in brokerage accounts will be contacted by their brokers with instructions.

Fractional or partial shares will not be issued and instead will be rounded up to the nearest whole number of shares. Stockholders with shares held in brokerage accounts are encouraged to contact their brokers with any questions.

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.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.


Contact:

Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035

Source: Quest Minerals & Mining Corp.

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Noch einmal vorkramend und zusammenfassend:

Lasst euch bitte von den Zahlen nicht blenden ... wartet mit einem Investition auf einen nachhaltigen steigenden Kurs! Wenn der Kurs steigt - muss man wohl schnell sein. Wann das sein wird - evtl./hoffentlich nach dem 10Q2-Bericht in 2008 ...

Gwenco gehören IMHO vertraglich 9 Minen:

Stand 2006:
1) Apollo 1 project portal 40k-50k a month,,coming soon.
2) Apollo 1 portal 2 combined with portal 1 100,000 tons a month.
3) Gwenco Taylor seam 20k ton a month.
4) Gwenco Pond creek seam 40k ton a month.
5) Gwenco Lower cedar Grove seam 40k ton a month.
6) Pike county
7) Letcher county
8) Floyd county
9) Knott county

Gwenco ist IMHO erst einmal mit dem Kohleabbau von Mine 4 dann 5 und dann 3 beschäftigt. Gwenco ist das Sorgenkind, da zahlungsunfähig. Gwenco steht rechtlich geschützt gegen Gläubigerforderungen in Chapter 11, um seine Restrukturierung zur Liquidität durchzuführen - an dem der CEO gerade arbeitet, indem schnellstens die Minen 4 und 5 in Produktion gehen. Dazu wird weiterhin frisches Geld der Aktionäre benötigt, da unerwartete Probleme mit General Mining und in der Mine PC aufgetreten sind. Sobald die Mine Nr. 5 läuft - soll sich das Projekt von selbst tragen und es bleibt genug Geld  Stand irgendwann 2005. Diese Mengen sollen nachgewiesen sein. Hat dazu jemand noch Links zu den Berichten/News - woher die Zahlen stammen?

Sind ca. 37Mio Tonnen nachgewiesen... welche zu mindestens $50,- verkauft werden können - ein Teil der Kohle soll so hochwertig sein, dass Preise um die $95 erreicht werden können.

37.000.000 x $50 mindestens $1.850.000.000 Umsatz.

Der Gewinn pro Tonne mit den Verträgen von General Mining waren pro Tonne zwischen $12,00 und $17,00 und höher ...

37.000.000 x $12,00 ~$444.000.000 Gewinn ... bei einem MK von zur Zeit $450.000,-

Teile ich die 37Mio Gewinn durch 35Mio Shares ... habe ich einen Kurs von $1,06 ... heute sind wir nach dem R/S bei $0,014 ...

ich werd' mal wieder schwach...

Mine 4 (Pond creek) ist nun hoffentlich mit ~20.000 Tonnen/Monat in Produktion (auch wenn GM zum Februar 2008 gekündigt wurde). Mine 5 (Lower Cedar Grove) soll ja angeblich kurz vor Produktionsstart sein und daraus soll bis zu 80.000 Tonnen/Monat hochwertige Kohle (Wert ca. $95) abgebaut werden.

Mir stellt sich nun die Frage - warum wird nach einem Jahr nur noch von Mine 4 und 5 gesprochen ... was ist mit den restlichen Minen - gibt es die restlichen Lizenzen überhaupt noch?

Hat jemand andere Zahlen?

Viel erfolg - und hoffentlich endet dieser Thread nach dem R/S nicht auch wieder bei -80% ...

zu den News:

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Friday January 4, 6:00 am ET
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Quest Minerals & Mining Announces Letter of Intent with Powell Branch Energy
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMNM;  Frankfurt: QMNB.F ), a Kentucky based operator of energy and mineral related properties, today announced its intent on a joint venture with Powell Branch Energy coal properties in southern Kentucky.

The initial project would encompass 1,400,000 tons of coal reserves from the Elkhorn # 3 coal seam structured through a lease agreement to mine property held by Powell Branch Energy.

Quest CEO Eugene Chiaramonte, Jr. said, “This relationship continues our expansion and diversification program previously announced to help increase shareholder value and diversify our current properties. The Elkhorn # 3 seam has proven to be one of the most accessible coal seams in Eastern Kentucky with seam heights ranging between 55 to 60 inches. The additional reserves from this project can be reopened and ready to mine without any rehab. As soon as the permits could be transferred, production would take place in early 2008 with a potential result of 30,000 tons per month.“

The company is currently raising capital to adequately pursue this opportunity, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
(biz.yahoo.com/bw/080104/20080104005116.html?.v=1)

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Thursday January 10, 6:30 am ET
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Quest Minerals & Mining Announces Letter of Intent with the McCoy Heirs
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMNM; Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, today announced its intent on a joint venture with the McCoy Heirs, owners of coal properties in southern Kentucky.


The initial project would encompass 1,000,000 tons of recoverable coal reserves from the Elkhorn # 3 coal seam structured through a lease agreement to mine property held by the McCoy Heirs.

Quest CEO Eugene Chiaramonte, Jr. said, “This relationship continues our expansion and diversification program to help increase shareholder value and diversify our current properties. The Elkhorn # 3 seam has proven to be one of the most accessible coal seams in Eastern Kentucky. The additional reserves from this project can be reopened and ready to mine with minimal rehab. As soon as the permits could be transferred, production could take place in early 2008 with potential results in excess of 6,000 tons per month.“

The company is currently raising capital to adequately pursue this opportunity, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
(biz.yahoo.com/bw/080110/20080110005244.html?.v=1)

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Zu Elkhorn#3:
Elkorn ist ein Kohleflöz, das sich dort sehr weiträumig durch die Landschaft zieht und seit langem an vielen Stellen angegraben wird. Powell Branch Energy und McCoy Heirs sind wohl zwei separate Minen. Auf die Frage, wo das Investkapital dafür herkommen soll meinte der CEO, dass er die "coal buyers" in die Pflicht nehmen will, er sagte nicht wie das aussehen soll...! Die Permits liegen alle bereits vor, nur müssen sie noch überschrieben werden an Quest damit gefördert werden kann. Momentan arbeitet man an den Endverträgen zu Powell Branch und McCoy Heirs, da es bisher nur LoI´s sind.

Eugene Chiaramonte, Jr., President of Quest, stated, "We are very excited that White Star has agreed to conduct mining operations at the Pond Creek Mine. They have significant experience in the coal mining industry and have an excellent reputation for providing quality work. We are looking forward to having them as part of our team and we look forward to a prosperous relationship."

Preliminary preparations have already been initiated to expedite the start of full production. Limited operations should commence early next week once the operating license has been transferred.

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.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.

SOURCE: Quest Minerals & Mining Corp.

Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr., 973-684-0035

Copyright Business Wire 2008

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.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.

Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
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Quest Minerals & Mining Pursues Further Mining Developments
Thursday February 21, 6:00 am ET

PATERSON, N.J., Feb. 21, 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, today announced it has retained Alchemy Engineering Associates, Inc., located in Prestonsburg, KY to conduct a full reserves study report of the existing coal located near the top of their current mining operation. This upper stratum presently encompasses all 792 acres already under lease by the company's wholly owned subsidiary, Gwenco, Inc.

Eugene Chiaramonte, Jr., President of Quest, stated, ``The opportunity to permit and mine this section of the property would possibly double the working reserves of our entire operation. We are just waiting on a completed analysis to confirm the area's conduciveness for mining. A positive report will allow for additional projects such as strip and high-wall mining outfits, thus increasing the company's overall potential revenues.''

Gwenco 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.

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.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.


Contact:

Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035

Source: Quest Minerals and Mining

Quest Minerals & Mining Set Eyes On Higher Than Anticipated Revenues for 2008
Monday March 17, 8:00 am ET

PATERSON, N.J., March 17, 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, today announced that it sees a higher-than-anticipated revenue potential for the fiscal year 2008 due to record reaching coal prices. Coal closed at $79.83 on Friday March 14, after hitting a record high of $84 a ton during the week.

Eugene Chiaramonte, Jr., President of Quest, stated, ``We are being offered higher coal prices because of the low sulfur content in our Pond Creek Mine. We expect prices will rise even higher because of the large demand from China and India. The Company should be strategically poised to take advantage of these rising coal prices. Production may begin by early April, if not sooner, barring any unforeseen circumstances.''

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.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.

Contact:
Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035

We intend to use the proceeds from sale of the convertible promissory note as follows: (i) $30,000 for purchase of equipment for mine operations; (ii0 $20,000 for supplies and payroll for mine operation; (iii) $15,000 for accountant's fees; (iv) $5,000 for working capital and (v) $5,000 for legal fees.

We relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended, for the offer and sale of the notes and the warrants.

The paragraphs above describe certain of the material terms of the financing transaction with the purchaser of the convertible promissory note issued under the Purchase Agreement. Such description is not a complete description of the material terms of the financing transaction and is qualified in its entirety by reference to the agreements entered into in connection with the financing which are included as exhibits to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
10.1 Convertible Note Purchase Agreement
10.2 Convertible Promissory Note

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URL zum Filing:
www.pinksheets.com/edgar/GetFilingHtml?FilingID=5802946

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.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 and 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.


Contact:

         Quest Minerals & Mining Corp.
         Eugene Chiaramonte, Jr.
         973-684-0035