Quest Minerals & Mining to Test Innovative Coal Cleaning Technology
PATERSON, N.J., Dec. 5, 2008 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMLM) (Frankfurt:QMNB), a Kentucky-based operator of energy and mineral related properties, today announced that it is working in conjunction with FGX Septech, LLC. (www.fgxseptech.com/), a Lexington, KY-based supplier of dry coal separators, to test a new dry coal deshaling process developed by their holding company, Tangshan Shenzhou Manufacturing, Co. Ltd (TSM), headquartered in Tangshan, Hebei Province, China. Quest has agreed to let FGX bring a smaller unit on site to test productivity and efficiency of its coal-separating device, which essentially works through the use of an air chamber and a series of vibration decks that align coal and rock particles where they can be sorted by density. FGX Septech, LLC. currently has a larger model capable of processing approximately 120 tons per hour.
Everett Hampton, President of Whitestar Mining, LLC., commented, "This separating capability would be a great addition to our operations. Sending a truckload of coal, which is less dense than rock, is much more economical than sending a truckload coal mixed with shale. Additionally, we could probably negotiate lower processing fees with our prep plants as they would save on water and other manufacturing costs."
Eugene Chiaramonte, Jr., President of Quest, stated, "This is no doubt cutting edge modernization. I believe other companies such as Anglo American (AAUK) and Shenhua Group (Other OTC:CSUAY) are exploring the use of FGX's dry coal separator as well. Of course, Quest would seek to acquire the larger separating model from FGX, assuming today's demonstration proves positive. Successful results could reduce our transportation costs and improve overall recovery. That ultimately benefits the bottom line!"
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
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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