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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
NET REVENUE        
Net revenue $ 51,300,812 $ 46,751,809 $ 96,679,344 $ 76,445,227
OPERATING EXPENSES        
Cost of net revenue (24,994,703) (23,470,972) (45,586,087) (39,706,471)
Sales, marketing and other operating expenses (23,733) (75,687) (47,745) (96,385)
Research and development cost (133,519) (596,151) (313,856) (721,353)
Exploration cost (3,867,286)   (3,867,286)  
Write-off / Impairment on property, plant and equipment (7,570,566)   (7,570,566)  
General and administrative expenses (1,714,694) (731,593) (6,055,985) (2,988,386)
Costs and Expenses (38,304,501) (24,874,403) (63,441,525) (43,512,595)
INCOME FROM OPERATIONS 12,996,311 21,887,406 33,237,819 32,932,632
OTHER INCOME (EXPENSE)        
Interest expense (65,740) (52) (107,956) (226)
Interest income 52,731 59,824 128,775 113,584
Sundry income 392,298   415,083 21,998
INCOME BEFORE TAXES 13,375,600 21,937,178 33,673,721 33,067,988
INCOME TAXES (3,352,345) (5,510,733) (9,285,467) (8,649,407)
NET INCOME 10,023,255 16,426,445 24,388,254 24,418,581
COMPREHENSIVE INCOME:        
Net income 10,023,255 16,426,445 24,388,254 24,418,581
OTHER COMPREHENSIVE INCOME        
- Foreign currency translation adjustments 2,816,166 682,396 4,837,801 662,662
COMPREHENSIVE INCOME $ 12,839,421 $ 17,108,841 $ 29,226,055 $ 25,081,243
EARNINGS PER SHARE:        
BASIC $ 0.29 $ 0.47 $ 0.70 $ 0.71
DILUTED $ 0.29 $ 0.47 $ 0.69 $ 0.70
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 34,729,179 34,587,479 34,732,527 34,574,514
DILUTED 34,733,188 34,738,667 35,128,273 34,750,714