Quest Minerals & Mining, through its subsidiaries, Quest Energy, Ltd., and Gwenco, Inc., is engaged in coal mining in the Southeastern United States.
Quest Minerals reported positive results regarding the operation of its new mine in Pond Creek, Kentucky. Having only recently achieved full production, the company has further boosted the site’s potential with the addition of a JOY 21SC shuttle car. The underground transport vehicle has a 64-inch bed with the capacity to hold up to five tons of coal. It adds significantly to the potential of the site when coupled with the use of the company’s existing four-ton shuttle.
Concerning Quest’s future, plans to begin on a second mine in Cedar Grove, Kentucky by the end of this year are still underway. The new site is near the Pond Creek mine, and yet – according to preliminary testing – the quality of the coal contained within is higher than that of Pond Creek.
Quest Minerals & Mining Corp. has a promising outlook, being an undervalued stock as far as many are concerned. Provided that the company maintains its present course concerning plans for further production, we could see a higher value established.
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