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Quelle: Average Weekly Coal Commodity Spot Prices
(Dollars per Short Ton)
| Week Ended | Central Appalachia 12,500 Btu, 1.2 SO2 | Northern Appalachia 13,000 Btu, <3.0 SO2 | Illinois Basin 11,800 Btu, 5.0 SO2 | Powder River Basin 8,800 Btu, 0.8 SO2 | Uinta Basin 11,700 Btu, 0.8 SO2 |
|---|---|---|---|---|---|
| 08/14/09 | $52.30 | $46.50 | $41.00 | $8.75 | $45.00 |
| 08/21/09 | $52.30 | $46.50 | $41.50 | $8.75 | $45.00 |
| 08/28/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/04/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/11/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/18/09 | $52.30 | $46.00 | $41.50 | $8.75 | $39.00 |
| 09/25/09 | $52.30 | $46.00 | $41.50 | $8.75 | $39.00 |
| 10/02/09 | $54.30 | $50.50 | $40.00 | $9.25 | $39.00 |
Quelle: Average Weekly Coal Commodity Spot Prices
(Dollars per Short Ton)
| Week Ended | Central Appalachia 12,500 Btu, 1.2 SO2 | Northern Appalachia 13,000 Btu, <3.0 SO2 | Illinois Basin 11,800 Btu, 5.0 SO2 | Powder River Basin 8,800 Btu, 0.8 SO2 | Uinta Basin 11,700 Btu, 0.8 SO2 |
|---|---|---|---|---|---|
| 08/28/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/04/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/11/09 | $52.30 | $46.00 | $41.50 | $8.75 | $45.00 |
| 09/18/09 | $52.30 | $46.00 | $41.50 | $8.75 | $39.00 |
| 09/25/09 | $52.30 | $46.00 | $41.50 | $8.75 | $39.00 |
| 10/02/09 | $54.30 | $50.50 | $40.00 | $9.25 | $39.00 |
| 10/09/09 | $56.15 | $51.50 | $40.00 | $9.25 | $39.00 |
| 10/16/09 | $56.15 | $51.50 | $40.00 | $9.25 | $39.00 |
PATERSON, N.J., Oct. 29, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMNMB.F), a Kentucky based operator of energy and mineral related properties, today announced that the coal seams operated under their wholly owned subsidiary, Gwenco, Inc., which span across six separate directional headings, have increased in height ranging from 40" to 44", to a now 42" to 55."
Eugene Chiaramonte, Jr., President of Quest, noted, "This is just fantastic. The coal seams are more than 10 inches higher than they were two weeks ago! These optimal conditions provide a positive outlook towards concluding the year with some excellent production results."
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
PATERSON, N.J., Nov. 6, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMNMB.F), a Kentucky based operator of energy and mineral related properties, today announced coal revenues of $292,000 for the month of October 2009. Quest's operating subsidiary, Gwenco, Inc., produced and shipped 11,000 gross tons for the month, resulting in sales of 4,350 clean tons of coal.
Eugene Chiaramonte, Jr., President of Quest, stated, "We are pleased to report that Gwenco had an increase in coal sales of approximately 25% from the prior month of September. We shipped over 11,000 tons to our buyers during the month of October; ensuing sales in excess of 4,350 clean tons of coal at $67.00 per ton. This is largely due to the increased seam thickness that we have recently encountered. However, a 10% improvement in production was also a key factor.
"If we are able to continue operating as we have been, without any significant delays or mining stoppages, we anticipate that our production rates will continue to augment as we move towards these final months of the year. Our goal for the Pond Creek mine remains to produce 20,000 gross tons per month with a 50% or greater recovery rate, and we believe that we are getting closer with each passing month. We continue to believe that demand for coal, both in the United States and abroad, is rebounding and getting stronger, with U.S. and Asian steel producers continuing to show positive signs."
Quest also stated that it anticipates announcing its complete third quarter operating results between November 14 and November 19, 2009.
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 |
Quest Minerals & Mining Explores Wash Plant Opportunity |
PATERSON, N.J., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMNMB), a Kentucky based operator of energy and mineral related properties, today announced that it is currently pursuing a prospective venture involving a coal washing plant in Martin County Kentucky. Eugene Chiaramonte, Jr., President of Quest, stated, "This is a very exciting and unique endeavor for the company. Although any future plans would be completely speculative at this point, we are currently speaking with the leaseholders of this facility to see if any mutual business arrangements can be formed. Having a wash plant at our disposal would add an enormous range of opportunities. Not only does it cut down hauling costs and processing fees, but the operations alone would broaden the distribution channels and boost revenues from higher gross margins." 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 |
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| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
27 | 2.667 | QUEST MINERALS+MNG (WKN: A0M92C) Produktionsstart? | heshes | heshes | 03.02.12 11:45 |
