Quest Minerals & Mining
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US QMNM
Frankfurt Germany QMNA.B

Quest Founded
  • Formed in 2003
  • Reverse merger into existing Tillman International Inc.
  • Strategic acquisition with
    Gwenco, Inc.
  • "Super Compliance" blend stronghold

Abundant infrastructure
  • Operating leverage from preexisting machinery
  • Infrastructure of workers
    and transport
  • Regional expertise
  • Intended diversification in
    oil and gas

Markets Targeted for large coal demand
  • Preparation Plants
  • Steel
  • China

Predictions positive for high demand
  • EIA (Energy Information Administration)
  • US Department of Energy
  • New coal-to-liquid technologies
  • International


Quest Projects
Expansion Strategy
Quest seeks to acquire new mines and contracting to produce and market additional coal in its geographic focus area. Quest intends to acquire and operate high quality coal properties with established field personnel, primarily in the eastern Kentucky coalfields, with additional properties in southwestern West Virginia and western Virginia. This region has an excellent infrastructure of workers, truckers, rail sidings on the CSX and N&W rail lines and low cost access to the Big Sandy barge docks near Ashland, KY, for effective coal distribution. Quest intends to use its local knowledge to pursue high returns on investment from re-opening profitable properties in this region. It intends to grow by additional accretive acquisitions, contract mining, and internal development of owned properties.

Quest is also seeking to diversify its operations into other sectors of the energy industry, including the oil and gas sector. Quest management believes that a successful diversification into the oil and gas field would provide Quest with an opportunity to improve its results of operations while hedging on coal production and prices.

Customers
Quest intends to sell all of its coal on the spot market to coal brokers. Quest seeks to enter into long-term contracts (exceeding one year in duration) with many of its customers. These arrangements would allow customers to secure a supply for their future needs and provide Quest with greater predictability of sales volume and sales prices.

Coal Reserves
Quest estimates that, as of December 31, 2006, it has total recoverable reserves of approximately twelve million tons consisting of both proven and probable reserves. "Reserves" is that part of a mineral deposit, which could be economically and legally extracted or produced at the time of the reserve determination. "Recoverable" reserves mean coal that is economically recoverable using existing equipment and methods under federal and state laws currently in effect. Approximately nine million tons of Quest's reserves are classified as proven reserves. None of Quest's reserves are classified as probable reserves. The degree of assurance, although lower than that for proven (measured) reserves, is high enough to assume continuity between points of observation.






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